FKLI
FKLI Spot Month Futures - 18 April 2024
Thu, 18-Apr-2024 06:34 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1537
Resistance
1543 / 1546 / 1554
Support
1534 / 1529 / 1520
Possible Range
1534 to 1543
Strategy
Long positions may be opened above 1537 with targets at 1543/1546 and stop-loss at 1532
Short positions may be opened below 1537 with targets at 1534/1529 and stop-loss at 1542

FKLI Apr month rose 6.5 points or 0.42% to 1539.5 closed higher. Bursa Malaysia snapped four consecutive days of losses to end higher on Wednesday as bargain hunting emerged following the recent sell-off.

Overnight Dow Jones fell 45 points. U.S. stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1540 (Yesterday's high) would target 1543/1546. On the flip side, the next support is located at 1537 (Pivot), followed by 1534 (S1), and finally 1531.5 (Yesterday’s low).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.143353 4.175289
EUR 4.627335 4.635403
CNY 0.591281 0.591775
HKD 0.532272 0.535891
SGD 3.214986 3.240064