29/12/2017
FKLI Jan 18
Previous Close: 1782.5 +1
Please be noted Dec 17 contract will be expired by end of today, traders may choose to trade Jan 18 contract. FKLI retreat from high yesterday as profit taking and technical selling, also narrow down the gap with KLCI.
Hourly chart show FKLI in overbought correction, may test middle line and below of BB, yet overall trend more to bullish with short term correction.
Price Level to monitor today:
Resistance : 1788.5 1800
Support : 1777 1771.5
Recommend Trading Plan for the day:
1. Sell 1781, stop 1786, profit 1776.
2. Look for buy signal if break higher high above 1788.5.
3. Look for buy signal at 1765-1771, which is 50%-61.8% of Fibo retracement from 1740.5-1788.5.
FKLI Margin Requirement
Intraday MYR 1750
Overnight MYR 3500
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.