FKLI
FKLI Spot Month Futures - 8 April 2024
Mon, 08-Apr-2024 08:11 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1552
Resistance
1559 / 1564 / 1576
Support
1547 / 1540 / 1528
Possible Range
1547 to 1559
Strategy
Long positions may be opened above 1552 with targets at 1559/1564 and stop-loss at 1547
Short positions may be opened below 1552 with targets at 1547/1540 and stop-loss at 1557

FKLI Apr month rose 2 points or 0.13% to 1553.5 closed higher. Bursa Malaysia traded in a tight range on Friday as investors exercised caution amid the negative performance across the region.

Overnight Dow Jones rose 307 points. U.S. stocks rebounded on Friday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates.

Following the bullish performance of the US market, the FKLI could higher. A break above 1556.5 (Yesterday's high) would target 1559/1564. On the flip side, the next support is located at 1552 (Pivot), followed by 1547 (S1), and finally 1544.5 (Yesterday’s low).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.928404 3.959975
EUR 4.573605 4.583156
CNY 0.570653 0.571269
HKD 0.502392 0.506464
SGD 3.077368 3.102333