FKLI
FKLI Spot Month Futures - 27 December 2023
Wed, 27-Dec-2023 08:48 am
by Dealing Team • Apex Futures

FKLI
Pivot
1454
Resistance
1457 / 1462 / 1470
Support
1449 / 1446 / 1438
Possible Range
1449 to 1462
Strategy
Long positions may be opened above 1456 with targets at 1458/1462 and stop-loss at 1451
Short positions may be opened below 1454 with targets at 1449/1446 and stop-loss at 1459

FKLI Dec month fell 5 points or 0.34% to 1452.5 closed lower. Bursa Malaysia ended lower on Tuesday amid muted trading as investors continued to stay on the sidelines due to the holiday-shortened week

Overnight Dow Jones rose 159 points. U.S. stocks extended their rally on Tuesday, kicking off the final week of 2023 with expectations that the Federal Reserve will begin cutting interest rates as soon as March.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1458.5 (yesterday's high) would target 1462/1470. On the flip side, the next support is located at 1450.5 (Yesterday’s low), followed by 1449 (S1), and finally 1446 (S2).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.471088 4.501214
EUR 4.716896 4.721211
CNY 0.617809 0.618311
HKD 0.574231 0.578627
SGD 3.318606 3.341159