FKLI
FKLI Spot Month Futures - 9 April 2024
Tue, 09-Apr-2024 08:41 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1559
Resistance
1564 / 1567 / 1575
Support
1556 / 1551 / 1543
Possible Range
1556 to 1564
Strategy
Long positions may be opened above 1559 with targets at 1564/1567 and stop-loss at 1554
Short positions may be opened below 1559 with targets at 1556/1551 and stop-loss at 1564

FKLI Apr month rose 7 points or 0.45% to 1560.5 closed higher. Bursa Malaysia closed higher on Monday, in tandem with most regional markets spurred by the upbeat momentum on Wall Street last Friday.

Overnight Dow Jones fell 11 points. U.S. stocks were essentially unchanged at the close of a choppy session on Monday, with a solar eclipse offering distraction ahead of crucial inflation data and the kick-off of first-quarter earnings season.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1561.5 (Yesterday's high) would target 1564/1567. On the flip side, the next support is located at 1559 (Pivot), followed by 1556 (S1), and finally 1553.5 (Yesterday’s low).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.205278 4.237675
EUR 4.930003 4.933950
CNY 0.592227 0.592702
HKD 0.540051 0.543728
SGD 3.273475 3.295837