21/2/2018
FKLI Feb 18
Previous Close: 1852 -9
Please be noted Feb 18 contract will be expired on next Wednesday, traders may choose to trade Mar 18 contract. FKLI retraced from previous sharp gains during evening session yesterday as dragged down by profit taking and weaker performance of global index futures. Foreign fund remains as net buyer. US dropped more than 250pts yesterday, FKLI may gap down later to test downside gap.
Hourly chart show a RSI overbought correction with potential to close downside gap around 1839.5.
Price Level to monitor today:
Resistance : 1863 1872.5
Support : 1839.5 1830 1816.5
Recommend Trading Plan for the day:
1. Sell 1850, stop 1856, profit 1844/1838.
FKLI Margin Requirement
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea for sharing purpose, trade at your own risk.