FKLI
FKLI Spot Month Futures - 13 December 2023
Wed, 13-Dec-2023 08:55 am
by Dealing Team • Apex Futures

FKLI
Pivot
1448
Resistance
1451 / 1455 / 1461
Support
1444 / 1442 / 1435
Possible Range
1444 to 1455
Strategy
Long positions may be opened above 1450 with targets at 1452/1455 and stop-loss at 1445
Short positions may be opened below 1448 with targets at 1444/1442 and stop-loss at 1453

FKLI Dec month rose 1 points or 0.07% to 1446.5 closed higher. Bursa Malaysia ended choppy trading with modest gains on Tuesday, driven by late buying in selected plantation and banking heavyweights although cautious trading was seen throughout the day amid the reshuffling of the Cabinet ministers earlier in the morning.

Overnight Dow Jones rose 173 points. U.S. stocks closed at fresh highs of the year on Tuesday, after inflation data did little to alter views for the timing of a rate cut by the Federal Reserve, as investors awaited the central bank's last policy decision of the year on Wednesday.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1452 (yesterday's high) would target 1455/1461. On the flip side, the next support is located at 1448 (Pivot), followed by 1445.5 (Yesterday’s low), and finally 1444 (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