FKLI
FKLI Spot Month Futures - 14 February 2024
Wed, 14-Feb-2024 08:51 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1532
Resistance
1547 / 1555 / 1579
Support
1523 / 1508 / 1485
Possible Range
1523 to 1547
Strategy
Long positions may be opened above 1532 with targets at 1547/1555 and stop-loss at 1527
Short positions may be opened below 1532 with targets at 1523/1508 and stop-loss at 1537

FKLI Feb month rose 22 points or 1.45% to 1538.5 closed higher. Bursa Malaysia finished higher across the board on Tuesday, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ending at a 20-month high, the highest level since June 2022, supported by steady buying from foreign investors.

Overnight Dow Jones fell 524 points. Wall Street's main indexes tumbled on Tuesday after a higher-than-expected consumer inflation reading pushed back market expectations of imminent interest rate cuts, driving U.S. Treasury yields higher.

Following the bearish performance of the US market, the FKLI could trade within the range. A break above 1540 (Yesterday's high) would target 1547/1555. On the flip side, the next support is located at 1532 (Pivot), followed by 1523 (S1), and finally 1516.5 (Yesterday’s low).

FKLI : 受到外国资金流动强劲买盘兴趣的推动,富时隆综指上涨+1.26%。

做多策略 :可在1532上方做多,目标价 1547/1555,止损位1527

做空策略 :可在1532下方做空,目标价 1523/1508,止损位1537

(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