FKLI
FKLI Spot Month Futures - 20 March 2024
Wed, 20-Mar-2024 09:04 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1548
Resistance
1555 / 1563 / 1577
Support
1540 / 1534 / 1519
Possible Range
1540 to 1555
Strategy
Long positions may be opened above 1548 with targets at 1555/1563 and stop-loss at 1543
Short positions may be opened below 1548 with targets at 1540/1534 and stop-loss at 1553

FKLI Mar month fell 5.5 points or 0.35% to 1546.5 closed lower. Bursa Malaysia ended trading at an intraday low and snapped its three-day winning streak on Tuesday, following the lacklustre performance seen across the region.

Overnight Dow Jones rose 320 points. Wall Street's three major indexes closed higher on Tuesday after shares in hotshot chipmaker Nvidia shook off early losses and investors looked ahead to the Federal Reserve's policy meeting conclusion on Wednesday for clues on interest rate policy.

Following the bullish performance of the US market, the FKLI could trade within the range. A break below 1542 (Yesterday's low) would target 1540/1534. On the flip side, the next resistance is located at 1548 (Pivot), followed by 1556.5 (Yesterday’s high), and finally 1563 (R2).

FKLI : 富时综指(-0.56%)收低,午盘后回落,因投资者消化日本央行加息可能导致外资流出本地市场。

做多策略 :可在1548上方做多,目标价 1555/1563,止损位1543

做空策略 :可在1548下方做空,目标价 1540/1534,止损位1553

(News Source: The Edge; Reuters)

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Market Mover
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