FKLI
FKLI Spot Month Futures - 2 February 2024
Fri, 02-Feb-2024 08:48 am
by Dealing Team • Apex Futures

FKLI
Pivot
1518
Resistance
1522 / 1526 / 1535
Support
1514 / 1509 / 1501
Possible Range
1509 to 1522
Strategy
Long positions may be opened above 1518 with targets at 1522/1526 and stop-loss at 1513
Short positions may be opened below 1518 with targets at 1514/1509 and stop-loss at 1523

FKLI Feb month staying unchanged at 1518. Bursa Malaysia’s key index was little changed while the broader market ended mixed on Wednesday, amid cautious sentiment prevailing across the region ahead of the US Federal Reserve’s (Fed) decision on interest rate later in the day.

Overnight Dow Jones rose 369 points. U.S. stocks rebounded on Thursday as investors looked to a spate of high-profile earnings and the Friday's employment report a day after the Federal Reserve quashed lingering bets that interest rate cuts could begin as early as March.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1513 (Yesterday's low) would target 1509/1501. On the flip side, the next resistance is located at 1518 (Pivot), followed by 1521.5 (Yesterday’s high), and finally 1526 (R2).

FKLI : 富时隆综指 (+0.02%) 在国能 (+2.29%) 上涨的推动下,在周中突破之前收盘相对不变。

做多策略 :可在1518上方做多,目标价 1522/1526,止损位1513

做空策略 :可在1518下方做空,目标价 1514/1509,止损位1523

(News Source: The Edge; Reuters)

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