FKLI
FKLI Spot Month Futures - 29 December 2023
Fri, 29-Dec-2023 08:58 am
by Dealing Team • Apex Futures

FKLI
Pivot
1459
Resistance
1462 / 1465 / 1471
Support
1456 / 1453 / 1447
Possible Range
1456 to 1471
Strategy
Long positions may be opened above 1459 with targets at 1465/1471 and stop-loss at 1454
Short positions may be opened below 1459 with targets at 1456/1453 and stop-loss at 1464

FKLI Dec month rose 3 points or 0.21% to 1458.5 closed higher. Bursa Malaysia closed higher for the second consecutive day as bargain-hunting activities emerged following the recent sell-off

Overnight Dow Jones rose 53 points. Wall Street drifted higher in light trading on Thursday, as firming bets of interest rate cuts in the coming year supported stock prices as market participants eyed a potential bull market confirmation.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1461.5 (yesterday's high) would target 1465/1471. On the flip side, the next support is located at 1455.5 (Yesterday’s low), followed by 1453 (S2), and finally 1447 (S3).

FKLI :富时隆综指(+0.22%)在年底温和装饰门面后小幅上涨,因投资者仍保持观望。

做多策略 :可在1459上方做多,目标价 1465/1471,止损位1454
做空策略 :可在1459下方做空,目标价 1456/1453,止损位1464

(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