FKLI
FKLI Spot Month Futures - 14 March 2024
Thu, 14-Mar-2024 08:17 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1536
Resistance
1541 / 1550 / 1564
Support
1527 / 1522 / 1508
Possible Range
1527 to 1541
Strategy
Long positions may be opened above 1536 with targets at 1541/1550 and stop-loss at 1531
Short positions may be opened below 1536 with targets at 1527/1522 and stop-loss at 1541

FKLI Mar month fell 7 points or 0.45% to 1533 closed lower. Bursa Malaysia snapped its four-day winning streak to close lower on Wednesday, driven by continuous profit taking in heavyweights led by plantation stocks.

Overnight Dow Jones rose 37 points. The S&P 500 and Nasdaq edged lower on Wednesday as investors took profits in chipmaker stocks, while they braced for producer price data and further clues on the inflation trend ahead of next week's Federal Reserve meeting.

Following the mixed performance of the US market, the FKLI could trade within the range. A break below 1530 (Yesterday's low) would target 1527/1522. On the flip side, the next reistance is located at 1536 (Pivot), followed by 1541 (R1), and finally 1544 (Yesterday’s high).

FKLI : 富时隆综指下跌 1.06%,因投资者因美国通胀数据上升而进行获利了结活动,并保持谨慎态度,而部分指数权重股则除息。

做多策略 :可在1536上方做多,目标价 1541/1550,止损位1531

做空策略 :可在1536下方做空,目标价 1527/1522,止损位1541The Edge; Reuters

(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