FKLI
FKLI Spot Month Futures - 17 Dec 2024
Tue, 17-Dec-2024 08:20 am
by Dealing Team • Apex Futures

FKLI
Pivot
1606
Resistance
1611 / 1615 / 1619
Support
1606 / 1603 / 1598
Possible Range
1600 to 1620
Strategy
Long positions may be opened above 1606 with targets at 1611/1615 and stop-loss at 1601
Short positions may be opened below 1606 with targets at 1603/1598 and stop-loss at 1611

FKLI Dec month dropped 2.5 points or 0.16% to closed lower at 1607.  The FBM KLCI closed lower on Monday, weighed down by index-linked banking stocks amid softness in regional markets.

Overnight Dow Jones dropped 110 points to closed lower at 43717. The Nasdaq closed at a record high on Monday, while the S&P 500 also advanced as investors assessed the latest economic data and awaited the Federal Reserve's final policy announcement of the year to gauge the future direction of interest rates.

The FKLI remain trading within the resistant line of downward channel in daily chart, we may see the index reaching 1603 to 1604 again, if supported above can consider buy plan, if fail to support, selling may coming in. Immediate support and resistance levels are identified at 1606 and 1611, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.966986
EUR 4.638033 4.641717
CNY 0.579004 0.579460
HKD 0.502535 0.505960
SGD 3.092229 3.113332