FKLI
FKLI Spot Month Futures - 11 January 2024
Thu, 11-Jan-2024 08:56 am
by Dealing Team • Apex Futures

FKLI
Pivot
1494
Resistance
1500 / 1511 / 1528
Support
1483 / 1477 / 1460
Possible Range
1483 to 1500
Strategy
Long positions may be opened above 1494 with targets at 1500/1511 and stop-loss at 1489
Short positions may be opened below 1494 with targets at 1483/1477 and stop-loss at 1499

FKLI Jan month fell 7 points or 0.47% to 1489 closed lower. Bursa Malaysia reversed its gains on Tuesday to end lower on Wednesday, in sync with the downbeat regional market performances, weighed down by cautious sentiments ahead of the release of the US consumer price index (CPI) data on Thursday.

Overnight Dow Jones rose 170 points. U.S. stocks rose on Wednesday, building steam on strength in megacaps, ahead of inflation reports and major bank earnings later in the week.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1488 (yesterday's low) would target 1483/1477. On the flip side, the next resistance is located at 1494 (Pivot), followed by 1500 (R1), and finally 1505 (Yesterday’s high).

FKLI : 富时隆综指(-0.80%)因获利了结而终结五连涨,超过三分之二的主要指数成分股收跌。

做多策略 :可在1494上方做多,目标价 1500/1511,止损位1489
做空策略 :可在1494下方做空,目标价 1483/1477,止损位1499

(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