FKLI
FKLI Spot Month Futures - 26 January 2024
Fri, 26-Jan-2024 08:57 am
by Dealing Team • Apex Futures

FKLI
Pivot
1503
Resistance
1507 / 1509 / 1515
Support
1501 / 1497 / 1491
Possible Range
1501 to 1509
Strategy
Long positions may be opened above 1503 with targets at 1507/1509 and stop-loss at 1498
Short positions may be opened below 1503 with targets at 1501/1497 and stop-loss at 1508

FKLI Jan month rose 4.5 points or 0.30% to 1504.5 closed higher. Bursa Malaysia closed higher, almost across the board, on Wednesday with the key index extending its winning streak to a nearly 16-month high as the market reacted positively to Bank Negara Malaysia's (BNM) decision to keep the overnight policy rate (OPR) unchanged.

Overnight Dow Jones rose 242 points. The S&P 500 notched its fifth straight record high close on Thursday after news of strong U.S. economic growth in the fourth quarter boosted sentiment, while Tesla tumbled following a disappointing sales forecast.

Following the positive performance of the US market, the FKLI could trade higher A break above 1505.5 (Yesterday's high) would target 1509/1515. On the flip side, the next support is located at 1503 (Pivot), followed by 1499.5 (Yesterday’s low), and finally 1497 (S2).

FKLI : 富时隆综指(+0.53%)连续第4个交易日上涨势头延续,主要指数收于1500点以上。同样,低成分股收盘大多走高,房地产板块和公用事业板块领涨。

做多策略 :可在1503上方做多,目标价 1507/1509,止损位1498
做空策略 :可在1503下方做空,目标价 1501/1497,止损位1508

(News Source: The Edge; Reuters)

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Market Mover
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