FKLI
FKLI Spot Month Futures - 22 December 2023
Tue, 26-Dec-2023 09:32 am
by Dealing Team • Apex Futures

FKLI
Pivot
1461
Resistance
1466 / 1475 / 1490
Support
1451 / 1446 / 1432
Possible Range
1451 to 1466
Strategy
Long positions may be opened above 1464 with targets at 1466/1475 and stop-loss at 1459
Short positions may be opened below 1461 with targets at 1451/1446 and stop-loss at 1466

FKLI Dec month fell 12 points or 0.82% to 1456.5 closed lower. Bursa Malaysia ended lower on Thursday on persistent selling pressure mainly in the financial services sector amid a mixed regional market performance.

Overnight Dow Jones rose 322 points. U.S. stocks closed higher on Thursday, winning back much of the previous day's losses, as economic data fueled optimism that the Federal Reserve would ease monetary policy and revived investor risk appetite.

Following the bullish performance of the US market, the FKLI could trade wihtin the range. A break below 1455.5 (yesterday's low) would target 1451/1446. On the flip side, the next resistance is located at 1461 (Pivot), followed by 1466 (R1), and finally 1470 (Yesterday’s high).

(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