FKLI
FKLI Spot Month Futures - 29 March 2024
Fri, 29-Mar-2024 08:46 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1532
Resistance
1538 / 1545 / 1558
Support
1525 / 1519 / 1506
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1532 with targets at 1538/1545 and stop-loss at 1527
Short positions may be opened below 1532 with targets at 1525/1519 and stop-loss at 1537

FKLI Mar month fell 11 points or 0.71% to 1530 closed higher. Bursa Malaysia closed lower on Wednesday as the short-term market sentiment remains jittery amid the uncertain global performance

Overnight Dow Jones rose 47 points. Wall Street rolled forward and put it in "park" for much of the session Tuesday, before shifting into reverse and losing its modest gains by the closing bell.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1540 (Yesterday's high) would target 1545/1558. On the flip side, the next support is located at 1527 (Yesterday’s low), followed by 1525 (S1), and finally 1519 (S2).

(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