FKLI
FKLI Spot Month Futures - 31 January 2024
Wed, 31-Jan-2024 08:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1518
Resistance
1521 / 1528 / 1539
Support
1511 / 1507 / 1497
Possible Range
1511 to 1521
Strategy
Long positions may be opened above 1518 with targets at 1521/1528 and stop-loss at 1513
Short positions may be opened below 1518 with targets at 1511/1507 and stop-loss at 1523

1523FKLI Jan month fell 2 points or 0.13% to 1514.5 closed lower. Bursa Malaysia snapped its six-day winning streak to close lower on Tuesday as investors took profit from recent gains amid caution in regional markets as worries over China’s property sector weighed on sentiment.

Overnight Dow Jones rose 133 points. The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of high profile corporate earnings and the Federal Reserve convened for its monetary policy meeting.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1514 (Yesterday's low) would target 1511/1507. On the flip side, the next resistance is located at 1518 (Pivot), followed by 1521 (R1), and finally 1524.5 (Yesterday’s high).

FKLI : 富时隆综指(+0.17%)在昨天回吐了所有盘中涨幅后,结束了六天的上涨势头。

做多策略 :可在1518上方做多,目标价 1521/1528,止损位1513
做空策略 :可在1518下方做空,目标价 1511/1507,止损位1523

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.389719 4.419319
EUR 4.730753 4.734314
CNY 0.613618 0.614097
HKD 0.564733 0.568558
SGD 3.307640 3.330253