FKLI
FKLI Spot Month Futures - 11 December 2023
Mon, 11-Dec-2023 10:06 am
by Dealing Team • Apex Futures

FKLI
Pivot
1444
Resistance
1447 / 1453 / 1461
Support
1439 / 1436 / 1427
Possible Range
1439 to 1447
Strategy
Long positions may be opened above 1446 with targets at 1450/1453 and stop-loss at 1441
Short positions may be opened below 1444 with targets at 1439/1436 and stop-loss at 1449

FKLI Dec month rose 0.5 points or 0.03% to 1441.5 closed higher. Soft market sentiment saw Bursa Malaysia's barometer index barely move throughout the day as global uncertainties continued to keep investors on the sidelines pending crucial US jobs data slated for release on Friday.

Overnight Dow Jones rose 130 points. The three major U.S. stock indexes ended higher on Friday and the S&P 500 registered a sixth straight week of gains - its longest weekly winning streak since November 2019, after data that showed the U.S. economy added more jobs than expected in November.

Following the bullish performance of the US market, the FKLI could trade within the range. A break above 1450 (yesterday's high) would target 1453/1461. On the flip side, the next support is located at 1439 (S1), followed by 1436 (S2), and finally 1427 (S3).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.226942 4.260444
EUR 4.723982 4.728876
CNY 0.598324 0.598990
HKD 0.542537 0.546362
SGD 3.269503 3.292710