FKLI
FKLI Spot Month Futures - 19 April 2024
Fri, 19-Apr-2024 08:50 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1542
Resistance
1550 / 1556 / 1569
Support
1537 / 1529 / 1515
Possible Range
1537 to 1550
Strategy
Long positions may be opened above 1542 with targets at 1550/1556 and stop-loss at 1537
Short positions may be opened below 1542 with targets at 1537/1529 and stop-loss at 1547

FKLI Apr month rose 5 points or 0.32% to 1544.5 closed higher. Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn.

Overnight Dow Jones rose 22 points. U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1547.5 (Yesterday's high) would target 1550/1556. On the flip side, the next support is located at 1542 (Pivot), followed by 1537 (S1), and finally 1534 (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