FKLI
FKLI Spot Month Futures - 23 April 2024
Tue, 23-Apr-2024 06:35 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1558
Resistance
1570 / 1576 / 1593
Support
1552 / 1541 / 1523
Possible Range
1552 to 1576
Strategy
Long positions may be opened above 1558 with targets at 1570/1576 and stop-loss at 1553
Short positions may be opened below 1558 with targets at 1552/1541 and stop-loss at 1563

FKLI Apr month rose 16 points or 1.03% to 1563.5 closed higher. Bursa Malaysia ended higher for the fourth consecutive day on Monday with the key index rising 0.78%, tracking the mostly higher performance in regional markets.

Overnight Dow Jones rose 253 points. Wall Street's main indexes rose on Monday after steep losses in the previous session as easing Middle East tensions buoyed risk appetite, while investors looked ahead to an action-packed week with major tech earnings and a key inflation print.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1564.5 (Yesterday's high) would target 1570/1576. On the flip side, the next support is located at 1558 (Pivot), followed by 1552 (S1), and finally 1547 (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