FKLI
FKLI Spot Month Futures - 19 February 2024
Mon, 19-Feb-2024 08:37 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1534
Resistance
1540 / 1545 / 1557
Support
1529 / 1522 / 1511
Possible Range
1529 to 1540
Strategy
Long positions may be opened above 1534 with targets at 1540/1545 and stop-loss at 1529
Short positions may be opened below 1534 with targets at 1529/1522 and stop-loss at 1539

FKLI Feb month rose 7 points or 0.46% to 1535 closed higher. Bursa Malaysia closed higher on Friday, with the key index rising 0.34%, boosted by fresh foreign funds as well as late buying support from local funds.

Overnight Dow Jones fell 145 points. U.S. stocks fell on Friday with the Nasdaq showing the largest decline after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve.

Following the bearish 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 : 富时隆综指 (+0.34%) 收盘呈上涨,与上周五区域市场的表现一致。

做多策略 :可在1534上方做多,目标价 1540/1545,止损位1529

做空策略 :可在1534下方做空,目标价 1529/1522,止损位1539

(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