FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 25/7/2018 - Will strong gains of US market give support?

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Publish date: Wed, 25 Jul 2018, 08:33 AM
Here we update timely info about FKLI

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25/7/2018

 
*FKLI Jul 18*
 
Previous Close: 1762 +1.5
 
Please be noted that Jul 18 contract will be expired by next Tuesday (31/7), traders may choose to trade Aug 18 contract. FKLI continued to sustain above 1760 level, but be cautious of foreign fund net selling. US stock market closed with near 200pts of gains, FKLI likely to gap up and test resistance.
 
Hourly chart showed FKLI required to close above 1768 to trigger further rebound signal, waiting confirmation.
 
 *Classic Support & Resistance*
Resistance: 1768 1796.5
Support: 1740 1713
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1768.
2. If price retrace 1st, buy 1758 or below, stop 1755 below yesterday low, profit 1761/1764.
 
 *FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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