01/11/2017

FKLI Oct 17

Yesterday Close: 1743.5

Dow ended the month at record high and sets record 12^th month of gains with positive US consumer confidence data released last night. This lead to jump in shares of consumer companies with positive quarterly earnings. Malaysia Futures traded slightly lower on yesterday trading. The FKLI Oct Nov Spread closed at 0.5, just a marginal different. Continuous Chart have not much impact.

Based on hourly chart, price continue to trade below 1748. In 4pm, market had sell down 6 points from 1748.5 and found support at previous low 1743. Please continue to monitor the price level of 1748.5 and 1743, the next trend will be clear if price to breakout either of the level.

Price Level to monitor today:

Resistance:     1748.5

Support:     1743 & 1733

Recommend Trading Plan for the day:

1.            Buy if price trade higher than 1748.5, stop at 1743, target profit 1754

2.            Sell if price lower than 1742.5, stop at recent high, target 1 risk reward ratio

FKLI Margin Requirement (per lot)

Intraday     MYR2000

Overnight   MYR4000

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