FKLI
FKLI Spot Month Futures - 12 December 2023
Tue, 12-Dec-2023 08:53 am
by Dealing Team • Apex Futures

FKLI
Pivot
1445
Resistance
1448 / 1451 / 1457
Support
1442 / 1439 / 1433
Possible Range
1442 to 1451
Strategy
Long positions may be opened above 1445 with targets at 1448/1451 and stop-loss at 1440
Short positions may be opened below 1443 with targets at 1439/1433 and stop-loss at 1448

FKLI Dec month rose 4 points or 0.28% to 1445.5 closed higher. Bursa Malaysia snapped five consecutive days of losses last week to end higher on Monday on late buying amid the mixed regional market performance.

Overnight Dow Jones rose 157 points. U.S. stocks ended in positive territory and gold slid on Monday, as investors looked ahead to crucial inflation data and the U.S. Federal Reserve's two-day monetary policy meeting.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1448 (yesterday's high) would target 1451/1457. On the flip side, the next support is located at 1445 (Pivot), followed by 1442 (Yesterday’s low), and finally 1439 (S2).

(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