FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 3/9/2018 - Market stay cautious on concerns of trade war and emerging market currencies sell off

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Publish date: Mon, 03 Sep 2018, 08:45 AM
Here we update timely info about FKLI

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3/9/2018

 
*FKLI Sep 18*
 
Previous Close: 1808.5 -10.5
 
FKLI dropped to below 1810 on last Thursday as tracking profit taking in regional market and as concern on falling of emerging market currencies. DJI fell more than 160pts during the long weekend, FKLI likely to gap down today and test downside gap.
 
Daily & hourly charts showed FKLI remains in rebound stage but retraced from RSI overbought, may enter a technical correction.
 
 *Classic Support & Resistance*
Resistance: 1822.5 1840.5
Support: 1799 1787.5
 
 *Recommend Trading Plan for the day:*
1. Sell 1807 for technical correction, stop 1810, profit 1804/1801.
 
 *FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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