FKLI
FKLI Spot Month Futures - 29 February 2024
Thu, 29-Feb-2024 08:09 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1550
Resistance
1557 / 1569 / 1588
Support
1538 / 1531 / 1512
Possible Range
1538 to 1557
Strategy
Long positions may be opened above 1550 with targets at 1557/1569 and stop-loss at 1545
Short positions may be opened below 1550 with targets at 1538/1531 and stop-loss at 1555

FKLI Feb month fell 17.5 points or 1.12% to 1544 closed lower. Bursa Malaysia ended trading at an intraday low on Wednesday due to profit-taking activities following Tuesday's strong gains, in tandem with the downbeat performance in the regional markets.

Overnight Dow Jones fell 23 points. U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve.

Following the mixed performance of the US market, the FKLI could trade within the range. A break below 1544 (Yesterday's low) would target 1538/1531. On the flip side, the next resistance is located at 1550 (Pivot), followed by 1557 (R1), and finally 1563 (Yesterday’s high).

FKLI : 富时隆综指(-0.45%)因三分之二主要指数成分股的快速获利回吐而抹去了前一交易日的所有涨幅。

做多策略 :可在1550上方做多,目标价 1557/1569,止损位1545

做空策略 :可在1550下方做空,目标价 1538/1531,止损位1555

(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