FKLI
FKLI Spot Month Futures - 9 February 2024
Fri, 09-Feb-2024 08:43 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1513
Resistance
1531 / 1542 / 1571
Support
1502 / 1484 / 1455
Possible Range
1502 to 1531
Strategy
Long positions may be opened above 1513 with targets at 1531/1542 and stop-loss at 1508
Short positions may be opened below 1513 with targets at 1502/1484 and stop-loss at 1518

FKLI Feb month rose 4 point or 0.26% to 1519 closed higher. Bursa Malaysia ended mixed on Thursday on a lack of fresh leads amid a quiet market ahead of the Chinese New Year long weekend.

Overnight Dow Jones rose 48 points. The benchmark S&P 500 index managed to eke out a small gain on Thursday after briefly hitting the 5,000-point milestone, as investors reacted to earnings reports, a roughly in-line jobs report and remarks from policymakers on interest rate cuts.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1524.5 (Yesterday's high) would target 1531/1542. On the flip side, the next support is located at 1513 (S1), followed by 1502 (S2), and finally 1495.5 (Yesterday’s low).

FKLI : 富时隆综指(-0.05%)昨日在逾半主要指数成分股的拖累下,抹去所有盘中涨幅后小幅走低。

做多策略 :可在1513上方做多,目标价 1531/1542,止损位1508

做空策略 :可在1513下方做空,目标价 1502/1484,止损位1518

(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