FKLI
FKLI Spot Month Futures - 7 February 2024
Wed, 07-Feb-2024 08:38 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1514
Resistance
1518 / 1521 / 1528
Support
1511 / 1507 / 1500
Possible Range
1511 to 1518
Strategy
Long positions may be opened above 1514 with targets at 1518/1521 and stop-loss at 1509
Short positions may be opened below 1514 with targets at 1511/1507 and stop-loss at 1519

FKLI Feb month fell 1 point or 0.07% to 1514 closed lower. Bursa Malaysia rebounded to end slightly higher in thin trading on Tuesday as investors are holding back from making large bets ahead of the long weekend following the Chinese New Year (CNY) celebration.

Overnight Dow Jones rose 141 points. Global stock indexes edged up on Tuesday while U.S. Treasury yields eased as investors looked for more clues on how soon the Federal Reserve may start cutting interest rates.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1510.5 (Yesterday's low) would target 1507/1500. On the flip side, the next resistance is located at 1514 (Pivot), followed by 1517.5 (Yesterday’s high), and finally 1521 (R2).

FKLI : 富时隆综指(+0.11%)昨天收平,因杨忠礼机构和杨忠礼电力的反弹缓冲了 MRDIY 的跌势。

做多策略 :可在1514上方做多,目标价 1518/1521,止损位1509

做空策略 :可在1514下方做空,目标价 1511/1507,止损位1519

(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