FKLI
FKLI Spot Month Futures - 12 January 2024
Fri, 12-Jan-2024 08:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1489
Resistance
1493 / 1500 / 1512
Support
1482 / 1477 / 1466
Possible Range
1477 to 1493
Strategy
Long positions may be opened above 1489 with targets at 1493/1500 and stop-loss at 1484
Short positions may be opened below 1489 with targets at 1482/1477 and stop-loss at 1494

FKLI Jan month fell 3 points or 0.20% to 1486 closed lower. Bursa Malaysia took a breather to end at an intraday low on Thursday, dragged down mainly by the consumer products and services as well as industrial products and services sectors, ahead of the release of US consumer price index (CPI) data later in the day.

Overnight Dow Jones rose 15 points. The main U.S. indexes gyrated on Thursday before managing to end the session barely changed. the market showed resilience despite hotter-than-expected CPI data and signs of labor market strength, which could serve to dampen hopes for early interest rate cuts by the Federal Reserve this year.

Following the mixed performance of the US market, the FKLI could trade within the range. A break below 1484 (yesterday's low) would target 1482/1477. On the flip side, the next resistance is located at 1489 (Pivot), followed by 1493 (R1), and finally 1495.5 (Yesterday’s high).

FKLI : 富时隆综指(-0.26%)因博彩和国油相关权重股扩大获利回吐拖累,再次下跌。

做多策略 :可在1489上方做多,目标价 1493/1500,止损位1484
做空策略 :可在1489下方做空,目标价 1482/1477,止损位1494

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864