FKLI
FKLI Spot Month Futures - 1 March 2024
Fri, 01-Mar-2024 08:25 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1536
Resistance
1544 / 1548 / 1561
Support
1531 / 1523 / 1511
Possible Range
1531 to 1548
Strategy
Long positions may be opened above 1536 with targets at 1544/1548 and stop-loss at 1531
Short positions may be opened below 1536 with targets at 1531/1523 and stop-loss at 1541

FKLI Mar month rose 11.5 points or 0.75% to 1539.5 closed higher. Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended higher on Thursday in tandem with the upbeat performance in most regional markets and ahead of the US personal consumption expenditure (PCE) data due out later in the night.

Overnight Dow Jones rose 47 points. The S&P 500 and Nasdaq closed at record highs on Thursday, buoyed by tech stocks linked to AI, while inflation data and comments from Federal Reserve officials helped shape expectations for the timing of the central bank's interest rate cuts.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1540 (Yesterday's high) would target 1544/1548. On the flip side, the next support is located at 1536 (Pivot), followed by 1531 (S1), and finally 1527.5 (Yesterday’s low).



FKLI : 富时隆综指 (-0.45%) 因超过一半主要指数成分股快速逢低吸纳,从前一交易日的跌幅中温和反弹。

做多策略 :可在1536上方做多,目标价 1544/1548,止损位1531

做空策略 :可在1536下方做空,目标价 1531/1523,止损位1541

(News Source: The Edge; Reuters)

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Market Mover
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USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
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