FKLI
FKLI Spot Month Futures - 22 April 2024
Mon, 22-Apr-2024 06:52 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1546
Resistance
1554 / 1561 / 1576
Support
1539 / 1531 / 1516
Possible Range
1539 to 1554
Strategy
Long positions may be opened above 1546 with targets at 1554/1561 and stop-loss at 1541
Short positions may be opened below 1546 with targets at 1539/1531 and stop-loss at 1551

FKLI Apr month rose 3 points or 0.19% to 1547.5 closed higher. Bursa Malaysia ended the week mixed on Friday with buying in selected heavyweights and commodity-related stocks amid the negative sentiment on regional markets.

Overnight Dow Jones rose 211 points. Both the Nasdaq Composite and the S&P 500 were beaten up on Friday as concerns the Fed will not cut interest rates anytime soon dented sentiment.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1552 (Yesterday's high) would target 1554/1561. On the flip side, the next support is located at 1546 (Pivot), followed by 1539 (S1), and finally 1537 (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