FKLI
FKLI Spot Month Futures - 27 May 2024
Mon, 27-May-2024 06:32 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1622
Resistance
1628 / 1637 / 1652
Support
1613 / 1607 / 1592
Possible Range
1613 to 1628
Strategy
Long positions may be opened above 1622 with targets at 1628/1637 and stop-loss at 1617
Short positions may be opened below 1622 with targets at 1613/1607 and stop-loss at 1627

FKLI May month fell 11.5 points or 0.71% to 1618 closed lower. Bursa Malaysia ended broadly lower with over 800 stocks in the red, mirroring regional equity declines due to profit-taking in index-linked stocks.

Overnight Dow Jones rose 4 points. U.S. stocks rallied and crude oil prices rebounded after upbeat economic data on Friday as investors positioned themselves ahead of the long U.S. Memorial Day weekend and the unofficial start to summer.

Following the mixed performance of the US market, the FKLI could trade within the range. A break below 1616.5 (Yesterday's low) would target 1613/1607. On the flip side, the next resistance is located at 1622 (Pivot), followed by 1628 (R1), and finally 1631.5 (Yesterday’s high).

(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