FKLI
FKLI Spot Month Futures - 28 December 2023
Thu, 28-Dec-2023 08:50 am
by Dealing Team • Apex Futures

FKLI
Pivot
1455
Resistance
1459 / 1462 / 1469
Support
1452 / 1448 / 1441
Possible Range
1452 to 1462
Strategy
Long positions may be opened above 1455 with targets at 1462/1469 and stop-loss at 1450
Short positions may be opened below 1455 with targets at 1451/1448 and stop-loss at 1460

FKLI Dec month rose 3 points or 0.21% to 1455.5 closed higher. Bursa Malaysia snapped a four-day losing streak to end higher on Thursday, spurred by bargain hunting with signs of mild window-dressing activities while tracking the upbeat mood across regional markets.

Overnight Dow Jones rose 111 points. U.S. stocks edged higher after the opening bell on Wednesday, with little to no catalysts to move markets one way or the other.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1458 (yesterday's high) would target 1462/1469. On the flip side, the next support is located at 1455 (Pivot), followed by 1451 (Yesterday’s low), and finally 1448 (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