FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 14/8/2018 - Turkey crisis dragged down global market

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Publish date: Tue, 14 Aug 2018, 08:42 AM
Here we update timely info about FKLI

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14/8/2018

 
*FKLI Aug 18*
 
Previous Close: 1775 -26.5
 
FKLI fell sharply to below 1780 yesterday as dragged down by foreign fund retreat on Turkey crisis. US stock market also fell more than 120pts last night but showed some recovery in DJI futures this morning, Malaysia may test technical rebound 1st later.
 
Hourly chart showed FKLI retraced from RSI bearish divergence and approaching RSI oversold, watch out for potential technical rebound.
 
 *Classic Support & Resistance*
Resistance: 1785 1797.5
Support: 1759.5 1740
 
 *Recommend Trading Plan for the day:*
1. Sell 1772, stop 1776, profit 1768/1764.
2. If expect for technical rebound, buy 1776, stop 1772, profit 1780/1784.
 
 *FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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