FKLI
FKLI Spot Month Futures - 4 January 2024
Thu, 04-Jan-2024 08:50 am
by Dealing Team • Apex Futures

FKLI
Pivot
1463
Resistance
1477 / 1487 / 1511
Support
1453 / 1439 / 1415
Possible Range
1453 to 1477
Strategy
Long positions may be opened above 1463 with targets at 1477/1487 and stop-loss at 1458
Short positions may be opened below 1463 with targets at 1453/1448 and stop-loss at 1468

FKLI Jan month rose 13.5 points or 0.93% to 1467 closed higher. Bursa Malaysia closed higher on Wednesday as bargain hunting emerged following Tuesday's sell-down, despite the mostly lower regional market performance.

Overnight Dow Jones fell 284 points. U.S. stock indexes ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal Reserve's December meeting failing to shake off the funk hanging over markets.

Following the bearish performance of the US market, the FKLI could trade within the range. A break above 1472.5 (yesterday's high) would target 1477/1487. On the flip side, the next support is located at 1463 (Pivot), followed by 1453 (S1), and finally 1448.5 (Yesterday’s low).

FKLI :受昨日三分之二以上主要指数成分股上涨的推动,富时隆综指(+0.64%)收复了前一交易日的全部跌幅。

做多策略 :可在1463上方做多,目标价 1477/1487,止损位1458
做空策略 :可在1463下方做空,目标价 1453/1448,止损位1458

(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