FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 30/8/2018 - Weighed down by profit taking & foreign fund selling

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Publish date: Thu, 30 Aug 2018, 08:31 AM
Here we update timely info about FKLI

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30/8/2018

 
*FKLI Sep 18*
 
Previous Close: 1819 -2
 
Please be noted that Aug 18 contract will be expired by today 30 Aug, traders may choose to trade Sep 18 contract. FKLI ended slightly lower yesterday on profit taking & foreign fund selling. US stock market up another 60+pts last night, likely to support FKLI. Today watch out for Msia PPI Jul at 12pm.
 
Daily chart showed more to bullish trend but RSI approaching overbought and candles outside of BB, may see some technical correction in short term.
 
 *Classic Support & Resistance*
Resistance: 1840.5 1870
Support: 1809 1799
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1822.5.
2. If index retrace 1st, buy 1812 or below, stop 1808, profit 1816/1820.
 
 *FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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