FKLI
FKLI Spot Month Futures - 16 February 2024
Fri, 16-Feb-2024 08:49 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1530
Resistance
1537 / 1546 / 1562
Support
1521 / 1514 / 1498
Possible Range
1521 to 1546
Strategy
Long positions may be opened above 1530 with targets at 1537/1546 and stop-loss at 1525
Short positions may be opened below 1530 with targets at 1521/1514 and stop-loss at 1535

FKLI Feb month fell 4.5 points or 0.29% to 1528 closed lower. Bursa Malaysia was mixed at midday, with the FTSE Bursa Malaysia KLCI (FBM KLCI) falling 0.08% due to selling pressure in selected counters led by IOI Corp Bhd, CelcomDigi Bhd and Petronas Dagangan Bhd.

Overnight Dow Jones rose 348 points. U.S. stocks closed higher on Thursday as retail sales data declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates in coming months.

Following the bullish performance of the US market, the FKLI could trade within the range. A break above 1539 (Yesterday's high) would target 1546/1562. On the flip side, the next support is located at 1523 (Yesterday’s low), followed by 1521 (S1), and finally 1514 (S2).

FKLI : 由于投资者关注推动市场前进的新催化剂,富时隆综指 (-0.06%) 延续横盘趋势。

做多策略 :可在1530上方做多,目标价 1537/1546,止损位1525

做空策略 :可在1530下方做空,目标价 1521/1514,止损位1535

(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