FKLI
FKLI Spot Month Futures (PM) - 23 Dec 2024
Mon, 23-Dec-2024 02:11 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1594
Resistance
1594 / 1598 / 1602
Support
1589 / 1586 / 1583
Possible Range
1590 to 1610
Strategy
Long positions may be opened above 1594 with targets at 1598/1602 and stop-loss at 1589
Short positions may be opened below 1594 with targets at 1589/1586 and stop-loss at 1599

FKLI Dec month rose 4.5 points or 0.28% to closed higher at 1594 on midday session. The FBM KLCI inched up at Monday midday, driven by gains in banking stocks, despite cautious investor sentiment.

We remain our view that, the FKLI trading below resistant line of a downward channel, technical buying is potential, but upside remain limited. The index trading within a sideway consolidation in hourly chart, with the top see at 1597 to 1598, bottom at 1588 to 1589. Supported above the middle of the range 1593 to 1594, trader may remain buy plan. Immediate support and resistance levels are identified at 1589 and 1594, 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