FKLI
FKLI Spot Month Futures - 19 March 2024
Tue, 19-Mar-2024 08:51 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1552
Resistance
1558 / 1564 / 1577
Support
1546 / 1539 / 1527
Possible Range
1546 to 1564
Strategy
Long positions may be opened above 1552 with targets at 1558/1564 and stop-loss at 1547
Short positions may be opened below 1552 with targets at 1546/1539 and stop-loss at 1557

FKLI Mar month fell 2.5 points or 0.16% to 1552 closed lower. Bursa Malaysia closed marginally higher on Monday as investors exercised caution before a series of significant central bank meetings this week.

Overnight Dow Jones rose 75 points. Wall Street's main indexes closed higher on Monday, with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited anxiously for the U.S. Federal Reserve's meeting this week.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1558 (Yesterday's high) would target 1564/1577. On the flip side, the next suypport is located at 1552 (Pivot), followed by 1545.5 (Yesterday’s low), and finally 1539 (S2).

FKLI : 富时隆综指 (+0.05%) 收盘几乎持平,而区域市场大多收盘呈绿色。与下衬里的混合性能类似。

做多策略 :可在1552上方做多,目标价 1558/1564,止损位1547

做空策略 :可在1552下方做空,目标价 1546/1539,止损位1557

(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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