FKLI
FKLI Spot Month Futures - 18 December 2023
Tue, 26-Dec-2023 09:13 am
by Dealing Team • Apex Futures

FKLI
Pivot
1465
Resistance
1472 / 1476 / 1487
Support
1461 / 1454 / 1443
Possible Range
1461 to 1472
Strategy
Long positions may be opened above 1465 with targets at 1472/1476 and stop-loss at 1460
Short positions may be opened below 1460 with targets at 1458/1454 and stop-loss at 1465

FKLI Dec month rose 9 points or 0.62% to 1467 closed higher. Bursa Malaysia ended higher on Friday, continuing its five-day winning streak, boosted by buying across the board amid improving global confidence.

Overnight Dow Jones rose 56 points. The S&P 500 ended a choppy session little changed on Friday but registered a seventh straight week of gains in its longest winning streak since 2017 after this week's dovish pivot by the Federal Reserve.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1469.5 (yesterday's high) would target 1472/1476. On the flip side, the next support is located at 1465 (Pivot), followed by 1461 (S1), and finally 1458.5 (Yesterday’s low).

(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