FKLI
FKLI Spot Month Futures - 15 January 2024
Mon, 15-Jan-2024 09:24 am
by Dealing Team • Apex Futures

FKLI
Pivot
1496
Resistance
1492 / 1496 / 1506
Support
1482 / 1476 / 1466
Possible Range
1482 to 1492
Strategy
Long positions may be opened above 1486 with targets at 1492/1496 and stop-loss at 1481
Short positions may be opened below 1486 with targets at 1482/1476 and stop-loss at 1491

FKLI Jan month rose 2.5 points or 0.17% to 1488.5 closed higher. Bursa Malaysia closed the week on a positive note, as the key index settled at its intraday high on Friday, despite a weaker performance in most regional markets, with buying mainly focused on utilities as well as financial services stocks.

Overnight Dow Jones fell 118 points. The main U.S. indexes mixed on the day as a mixed bag of big bank earnings reports offset a cooler-than-expected inflation report that lifted hopes for interest-rate cuts from the Federal Reserve.

Following the bearish performance of the US market, the FKLI could trade within the range. A break below 1489 (yesterday's high) would target 1492/1496. On the flip side, the next support is located at 1486 (Pivot), followed by 1482 (S1), and finally 1479 (Yesterday’s low).


FKLI : 在全球市场积极情绪的推动下,富时隆综指(+0.29%)从连续两个交易日的下跌中反弹。 

做多策略 :可在1486上方做多,目标价 1492/1496,止损位1481 

做空策略 :可在1486下方做空,目标价 1482/1476,止损位1491

(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