27/8/2018
*FKLI Aug 18*
Previous Close: 1802 -1
Please be noted that Aug 18 contract will be expired by this Thursday 30 Aug, traders may choose to trade Sep 18 contract. FKLI traded in range last Friday yet managed to sustain above 1800. US stock market rebounded for more than 130pts last Friday and futures continue to go up this morning, expect FKLI to gap up and test resistance.
Daily & hourly charts showed FKLI retest 1810.5 previous high, close above the level to trigger further rebound signal.
*Classic Support & Resistance*
Resistance: 1810.5 1821.5
Support: 1787 1777
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1810.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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