![](/files/my/blog/img/bl3936_fkli280818.png)
28/8/2018
*FKLI Aug 18*
Previous Close: 1812 +10
Please be noted that Aug 18 contract will be expired by this Thursday 30 Aug, traders may choose to trade Sep 18 contract. FKLI breakout from range and closed at higher high as supported by bullish global stock market and foreign fund buying. US stock market up near 260pts last night, plus DJI futures continue to go up this morning, FKLI likely to gap up and test resistance.
Daily & hourly charts formed higher highs & lows, more to bullish, but watch out for potential RSI bearish divergence in hourly chart.
*Classic Support & Resistance*
Resistance: 1821.5 1830.5
Support: 1794 1777
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1816.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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