FKLI
FKLI Spot Month Futures - 13 February 2024
Tue, 13-Feb-2024 08:45 am
by Dealing Team • Apex Futures

FKLI
Pivot
1516
Resistance
1519 / 1522 / 1527
Support
1514 / 1511 / 1505
Possible Range
1511 to 1519
Strategy
Long positions may be opened above 1516 with targets at 1519/1522 and stop-loss at 1511
Short positions may be opened below 1516 with targets at 1514/1511 and stop-loss at 1521

FKLI Feb month fell 2.5 points or 0.16% to 1516.5 closed lower. Bursa Malaysia ended on a flat note in a quiet market ahead of the Chinese New Year’s long weekend.

Overnight Dow Jones rose 126 points. The Nasdaq slipped on Monday afternoon after briefly surpassing its record closing high from November 2021, but the Dow and the S&P 500 rose modestly ahead of two U.S. inflation reports this week that could influence Federal Reserve policy.

Following the mix performance of the US market, the FKLI could trade in a range. A break above 1518.5 (Yesterday's high) would target 1522/1527. On the flip side, the next support is located at 1516 (Pivot), followed by 1513 (Yesterday’s low), and finally 1505 (S3).

FKLI : 富时隆综指(-0.08%)马来西亚证交所在中国农历新年长周末之前收盘持平,市场一片平静。

做多策略 :可在1516上方做多,目标价 1519/1522,止损位1511

做空策略 :可在1516下方做空,目标价 1514/1511,止损位1521

(News Source: The Edge; Reuters)

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Market Mover
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USD 4.186344 4.224837
EUR 4.692802 4.707788
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