FKLI
FKLI Spot Month Futures - 28 May 2024
Tue, 28-May-2024 06:34 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1619
Resistance
1622 / 1625 / 1631
Support
1616 / 1613 / 1607
Possible Range
1613 to 1628
Strategy
Long positions may be opened above 1619 with targets at 1622/1625 and stop-loss at 1614
Short positions may be opened below 1619 with targets at 1616/1613 and stop-loss at 1624

FKLI May month closed unchanged at 1618 . Bursa Malaysia saw a follow-through in selling pressure which took the benchmark index lower amid a generally weak broader market.

The US Markets were closed for Memorial Day.

Following the recent performance of the KLCI Index, the FKLI could trade within the range. A break below 1617 (Yesterday's low) would target 1616/1613. On the flip side, the next resistance is located at 1619 (Pivot), followed by 1623 (Yesterday’s high), and finally 1625 (R2).

(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