FKLI
FKLI Spot Month Futures - 14 May 2024
Tue, 14-May-2024 07:36 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1606
Resistance
1613 / 1618 / 1631
Support
1601 / 1593 / 1581
Possible Range
1601 to 1613
Strategy
Long positions may be opened above 1606 with targets at 1613/1618 and stop-loss at 1601
Short positions may be opened below 1606 with targets at 1601/1593 and stop-loss at 1611

FKLI May month rose 3 points or 0.19% to 1608 closed higher. The FBM KLCI rebounded today, snapping a three-day losing streak, bucking the trend as other regional indices edged down.

Overnight Dow Jones fell 81 points. Global stock indexes were little changed on Monday while the U.S. dollar index eased as investors awaited this week's U.S. inflation data that is expected to be key for the outlook for U.S interest rates.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1610.5 (Yesterday's high) would target 1613/1618. On the flip side, the next support is located at 1606 (Pivot), followed by 1601 (S1), and finally 1598 (Yesterday’s low).

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186146 4.219371
EUR 4.664934 4.669654
CNY 0.594782 0.595398
HKD 0.537928 0.541710
SGD 3.240672 3.263549