FKLI
FKLI Spot Month Futures - 19 December 2023
Tue, 26-Dec-2023 09:17 am
by Dealing Team • Apex Futures

FKLI
Pivot
1468
Resistance
1474 / 1479 / 1489
Support
1464 / 1458 / 1447
Possible Range
1464 to 1474
Strategy
Long positions may be opened above 1468 with targets at 1474/1479 and stop-loss at 1463
Short positions may be opened below 1465 with targets at 1462/1458 and stop-loss at 1470

FKLI Dec month rose 2.5 points or 0.17% to 1469.5 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 1 point. U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data.

Following the mixed performance of the US market, the FKLI could trade wihtin the range. A break above 1473 (yesterday's high) would target 1474/1479. On the flip side, the next support is located at 1468 (Pivot), followed by 1464 (S1), and finally 1462.5 (Yesterday’s low).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.449296 4.484012
EUR 4.692599 4.701308
CNY 0.615732 0.616932
HKD 0.571606 0.576092
SGD 3.310067 3.336427