FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 19/9/2018 - DJI strong rebound likely to push FKLI to retest 1800

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Publish date: Wed, 19 Sep 2018, 08:42 AM
Here we update timely info about FKLI

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19/9/2018

*FKLI Sep 18*
 
Previous Close: 1791.5 -6.5
 
FKLI faced pressure of US-China trade war tensions & foreign fund selling, ended below 1800. US stock market strongly rebounded for more than 180pts, FKLI likely gap up and retest 1800 level.
 
Daily chart showed FKLI in a sideway range and testing middle line of BB, wait for breakout, while hourly chart showed FKLI testing 38.2 Fibo level of swing 1828.5-1764.5, below 61.8% pointed more to downside.
 
 *Classic Support & Resistance* 
Resistance: 1799 1807
Support: 1780.5 1775
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1799.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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