FKLI
FKLI Spot Month Futures - 22 February 2024
Thu, 22-Feb-2024 08:33 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1556
Resistance
1562 / 1570 / 1583
Support
1549 / 1543 / 1529
Possible Range
1543 to 1562
Strategy
Long positions may be opened above 1556 with targets at 1562/1570 and stop-loss at 1551
Short positions may be opened below 1556 with targets at 1549/1543 and stop-loss at 1561

FKLI Feb month fell 3.5 points or 0.22% to 1554.5 closed lower. The FBM KLCI retreated on Wednesday, paring gains from a 20-month high achieved a day earlier, dragged by declines of telco-linked consitituents.

Overnight Dow Jones rose 48 points. U.S. stocks gyrated a bit lower on Wednesday after minutes from the Federal Reserve's January policy meeting showed its members were worried about cutting interest rates too soon.

Following the mixed performance of the US market, the FKLI could trade within the range. A break below 1550 (Yesterday's low) would target 1543/1529. On the flip side, the next resistance is located at 1556 (Pivot), followed by 1563.5 (Yesterday’s high), and finally 1570 (R2).

FKLI : 富时隆综指昨天下跌-0.21%,与区域股市的表现不一致。

做多策略 :可在1556上方做多,目标价 1562/1570,止损位1551

做空策略 :可在1556下方做空,目标价 1549/1543,止损位1561

(News Source: The Edge; Reuters)

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