FKLI
FKLI Spot Month Futures - 29 April 2024
Mon, 29-Apr-2024 07:50 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1572
Resistance
1584 / 1592 / 1611
Support
1564 / 1553 / 1533
Possible Range
1564 to 1584
Strategy
Long positions may be opened above 1572 with targets at 1584/1592 and stop-loss at 1567
Short positions may be opened below 1572 with targets at 1564/1553 and stop-loss at 1577

FKLI Apr month rose 10 points or 0.64% to 1575.5 closed higher. Bursa Malaysia closed higher on Friday, fuelled by the positive sentiment which swept across the region.

Overnight Dow Jones rose 153 points. On Friday, Wall Street's three major indexes closed higher for the day and for the week, with the Nasdaq composite leading the charge as investors jumped back in after Thursday's sell-off, taking courage from some bullish earnings reports.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1580 (Yesterday's high) would target 1584/1592. On the flip side, the next support is located at 1572 (Pivot), followed by 1564 (S1), and finally 1560.5 (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