FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 18/6/2018 - Another Foreign Fund Heavy Selling Day

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Publish date: Mon, 18 Jun 2018, 08:44 AM
Here we update timely info about FKLI

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18/6/2018

*FKLI Jun 18*

Previous Close: 1758 -3.5

FKLI pushed up by last minute buying before the long weekend, from around 1740 to near 1760 level, but be cautious as foreign fund marked another heavy selling day with more than 60% of daily participation rate. US stock market fell for trade war fears, FKLI likely gap down and test support.

Daily & hourly chart show FKLI remains in correction stage and hourly FKLI in testing 61.8% of Fibo level of previous swing (1702-1796.5).

*Classic Support & Resistance*
Resistance: 1772 1796.5
Support: 1735 1713

*Recommend Trading Plan for the day:*
1. Sell 1757, stop 1764, profit 1750/1743.
2. Look for buy signal if FKLI sustain above 1763.

*FKLI Margin Requirement*
Intraday MYR 2000
Overnight MYR 4000
Spread MYR 500

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