FKLI
FKLI Spot Month Futures - 15 March 2024
Fri, 15-Mar-2024 08:40 am
by Dealing Team • Apex Futures

FKLI
Pivot
1535
Resistance
1542 / 1547 / 1558
Support
1530 / 1524 / 1512
Possible Range
1530 to 1542
Strategy
Long positions may be opened above 1535 with targets at 1542/1547 and stop-loss at 1530
Short positions may be opened below 1535 with targets at 1530/1524 and stop-loss at 1540

FKLI Mar month rose 4 points or 0.26% to 1537 closed higher. Late buying in selected industrial products and services as well as plantation counters pushed Bursa Malaysia to end at its intraday high on Thursday, amidst the mixed sentiment on regional bourses.

Overnight Dow Jones fell 137 points. U.S. Treasury yields and the dollar climbed on Thursday, while a gauge of global stocks stumbled after a stronger than expected reading on U.S. inflation cast doubt on the timing and magnitude of interest rate cuts from the Federal Reserve this year.

Following the bearish performance of the US market, the FKLI could trade within the range. A break below 1528.5 (Yesterday's low) would target 1524/1512. On the flip side, the next resistance is located at 1540 (Yesterday’s high), followed by 1542 (R1), and finally 1547 (R2).

FKLI: 富时隆综指上涨 0.26%,收于 1537 点。 由于地区股市情绪参差不齐,部分工业产品和服务以及种植园股的后期买盘推动马来西亚证券交易所周四收于盘中高点。

做多策略 :可在1535上方做多,目标价 1542/1547,止损位1530

做空策略 :可在1535下方做空,目标价 1530/1524,止损位1540

(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