FKLI
FKLI Spot Month Futures - 19 January 2024
Fri, 19-Jan-2024 08:52 am
by Dealing Team • Apex Futures

FKLI
Pivot
1487
Resistance
1493 / 1505 / 1522
Support
1476 / 1470 / 1452
Possible Range
1476 to 1493
Strategy
Long positions may be opened above 1487 with targets at 1493/1505 and stop-loss at 1482
Short positions may be opened below 1487 with targets at 1476/1470 and stop-loss at 1492

FKLI Jan month fell 8.5 points or 0.57% to 1482 closed lower. Bursa Malaysia closed broadly weaker but was off its intraday low, with decliners outnumbering gainers on selling pressure across the board, amid the negative sentiment surrounding the market.

Overnight Dow Jones rose 201 points. Stocks rebounded on Thursday, after two days of broad selling, as AI optimism drove Nvidia and other chip stocks higher, while investors also continued to evaluate when the Federal Reserve is likely to begin cutting rates.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1481 (yesterday's low) would target 1476/1470. On the flip side, the next resistance is located at 1487 (Pivot), followed by 1493 (R1), and finally 1498.5 (Yesterday’s high).

FKLI : 富时隆综指延续下跌趋势(-0.81%),原因是情绪疲软,卖压加剧。

做多策略 :可在1487上方做多,目标价 1493/1505,止损位1482
做空策略 :可在1487下方做空,目标价 1476/1470,止损位1492

(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