FKLI
FKLI Spot Month Futures - 24 April 2024
Wed, 24-Apr-2024 06:23 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1560
Resistance
1566 / 1572 / 1585
Support
1554 / 1547 / 1535
Possible Range
1554 to 1572
Strategy
Long positions may be opened above 1560 with targets at 1566/1572 and stop-loss at 1555
Short positions may be opened below 1560 with targets at 1554/1547 and stop-loss at 1565

FKLI Apr month fell 3 points or 0.19% to 1560.5 closed lower. Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions.

Overnight Dow Jones rose 263 points. U.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1565.5 (Yesterday's high) would target 1572/1576. On the flip side, the next support is located at 1560 (Pivot), followed by 1553 (Yesterday’s low), and finally 1547 (S2).

(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