FKLI
FKLI Spot Month Futures - 20 December 2023
Tue, 26-Dec-2023 09:21 am
by Dealing Team • Apex Futures

FKLI
Pivot
1469
Resistance
1471 / 1473 / 1477
Support
1467 / 1465 / 1461
Possible Range
1467 to 1477
Strategy
Long positions may be opened above 1469 with targets at 1473/1477 and stop-loss at 1464
Short positions may be opened below 1467 with targets at 1465/1461 and stop-loss at 1472

FKLI Dec month fell 0.5 points or 0.03% to 1469 closed lower. Bursa Malaysia ended higher on Tuesday, extending its winning streak for the seventh day.

Overnight Dow Jones rose 251 point. Wall Street extended its rally on Tuesday, advancing on the day as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1470.5 (yesterday's high) would target 1473/1477. On the flip side, the next support is located at 1469 (Pivot), followed by 1466.5 (Yesterday’s low), and finally 1461 (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