FKLI
FKLI Spot Month Futures - 7 March 2024
Thu, 07-Mar-2024 08:35 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1512
Resistance
1518 / 1524 / 1535
Support
1506 / 1501 / 1489
Possible Range
1506 to 1524
Strategy
Long positions may be opened above 1512 with targets at 1518/1524 and stop-loss at 1507
Short positions may be opened below 1512 with targets at 1506/1501 and stop-loss at 1517

FKLI Mar month fell 1 points or 0.07% to 1511.5 closed lower. Bursa Malaysia continued to decline to close lower for a second consecutive day on Wednesday in lacklustre trading as investors took profits after the recent rally against the backdrop of significant data releases and economic meetings this week.

Overnight Dow Jones rose 75 points. S&P 500 and Nasdaq Composite also made gains after testimony from Federal Reserve Chairman Jerome Powell.

Following the bullish performance of the US market, the FKLI could trade within the range. A break above 1518 (Yesterday's high) would target 1524/1535. On the flip side, the next support is located at 1506.5 (yeterday’s low), followed by 1501 (S2), and finally 1489 (S3).

FKLI : 富时隆综指(-0.36%)昨天仍然表现平淡,其成分股中有 18 只下跌,而 11 只上涨。

做多策略 :可在1512上方做多,目标价 1518/1524,止损位1507

做空策略 :可在1512下方做空,目标价 1506/1501,止损位1517

(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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