FKLI
FKLI Spot Month Futures - 30 January 2024
Tue, 30-Jan-2024 08:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1515
Resistance
1524 / 1532 / 1550
Support
1507 / 1497 / 1480
Possible Range
1507 to 1532
Strategy
Long positions may be opened above 1515 with targets at 1524/1532 and stop-loss at 1510
Short positions may be opened below 1515 with targets at 1507/1497 and stop-loss at 1520

FKLI Jan month rose 12 points or 0.30% to 1516.5 closed higher. Bursa Malaysia maintained its upward trajectory to end higher for the sixth straight trading day on Monday, with the key index breaking the 16-month high, on the back of persistent buying in plantation and financial services counters

Overnight Dow Jones rose 224 points. Global stocks surged on Monday, with the S&P 500 closing at a new record close and European shares hitting a two-year high, as markets slashed ambitious bets at the end of 2023 on interest rate cuts by the Federal Reserve and other central banks.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1522.5 (Yesterday's high) would target 1524/1532. On the flip side, the next support is located at 1515 (Pivot), followed by 1507 (S1), and finally 1505 (Yesterday’s low).

FKLI : 富时隆综指(+0.33%)连续第三次上涨,这与积极的区域表现一致,主要是受到隔夜华尔街的积极溢出效应的推动。

做多策略 :可在1499上方做多,目标价 1505/1509,止损位1494
做空策略 :可在1499下方做空,目标价 1495/1489,止损位1504

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.471088 4.501214
EUR 4.716896 4.721211
CNY 0.617809 0.618311
HKD 0.574231 0.578627
SGD 3.318606 3.341159