FKLI
FKLI Spot Month Futures - 8 February 2024
Thu, 08-Feb-2024 08:56 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1515
Resistance
1518 / 1520 / 1526
Support
1512 / 1509 / 1504
Possible Range
1511 to 1518
Strategy
Long positions may be opened above 1515 with targets at 1518/1520 and stop-loss at 1510
Short positions may be opened below 1515 with targets at 1512/1509 and stop-loss at 1520

FKLI Feb month rose 1 point or 0.07% to 1515 closed higher. Bursa Malaysia ended mixed on a lack of fresh leads on Wednesday amid a quiet market ahead of the Chinese New Year long weekend.

Overnight Dow Jones rose 156 points. Global equities climbed to a more than two-year peak and the S&P 500 closed at a record high on Wednesday, as strong earnings offset jitters related to U.S. regional banks and China's markets.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1512 (Yesterday's low) would target 1509/1504. On the flip side, the next resistance is located at 1517.5 (Yesterday’s high), followed by 1520 (R2), and finally 1526 (R3).

FKLI : 富时隆综指(+0.01%)昨日持平,因为杨忠礼和杨忠礼电力的上涨缓冲了一半关键指数成分股的跌幅。

做多策略 :可在1515上方做多,目标价 1518/1520,止损位1510

做空策略 :可在1515下方做空,目标价 1512/1509,止损位1520

(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