FKLI
FKLI Spot Month Futures - 14 June 2024
Fri, 14-Jun-2024 08:34 am
by Dealing Team • Apex Futures

FKLI
Pivot
1613
Resistance
1613 / 1617 / 1622
Support
1607 / 1604 / 1595
Possible Range
1600 to 1630
Strategy
Long positions may be opened above 1613 with targets at 1617/1622 and stop-loss at 1608
Short positions may be opened below 1613 with targets at 1607/1604 and stop-loss at 1618

FKLI June month added2.5 point or 0.16% to close higher at 1612.5. The FBM KLCI retreated from its intraday high but still ended with slight gains on Thursday.

Overnight Dow Jones fell 65 points to 38647. The US stock market ended with a mixed performance, with the Dow lower, while the S&P 500 and Nasdaq attained record closing highs for the fourth consecutive session on Thursday, bolstered by the ongoing rally in technology shares.

Tracking mixed performance of the US market, the FKLI is likely to trade within a range, showing a downward bias. The immediate support and resistance levels are identified at 1608 and 1613, respectively

(News Source: The Star; Reuters)

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