FKLI
FKLI Spot Month Futures (PM) - 19 Dec 2024
Thu, 19-Dec-2024 02:18 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1586
Resistance
1586 / 1589 / 1593
Support
1583 / 1580 / 1577
Possible Range
1580 to 1600
Strategy
Long positions may be opened above 1586 with targets at 1589/1593 and stop-loss at 1581
Short positions may be opened below 1586 with targets at 1583/1580 and stop-loss at 1591

FKLI Dec month rose 3.5 points or 0.22% to closed higher at 1594 on midday session. The FBM KLCI stayed broadly lower at midday, weighed down by weak market sentiment and selling in index-linked counters, along with declines in regional markets.

The FKLI index remain in trading sell on rebound mode, as it trading within downward channel. The index opens lower to reach intraday low at 1577 and recover back above 1580. We see the crucial support at 1580 to 1582 , if this range able to maintain, we might see buying opportunity toward resistant range at 1589 to 1590. Immediate support and resistance levels are identified at 1583 and 1586, respectively.

(News Source: The Star)

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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