FKLI
FKLI Spot Month Futures - 15 May 2024
Wed, 15-May-2024 07:45 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1608
Resistance
1613 / 1618 / 1627
Support
1604 / 1599 / 1589
Possible Range
1604 to 1618
Strategy
Long positions may be opened above 1608 with targets at 1613/1618 and stop-loss at 1603
Short positions may be opened below 1608 with targets at 1604/1599 and stop-loss at 1613

FKLI May month rose 0.5 points or 0.03% to 1608.5 closed higher. Bursa Malaysia continued its uptrend on Tuesday, boosted by strong buying in YTL Corp and YTL Power International.

Overnight Dow Jones rose 126 points. The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1612.5 (Yesterday's high) would target 1613/1618. On the flip side, the next support is located at 1608 (Pivot), followed by 1603 (Yesterday’s high), and finally 1599 (S2).

(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