24/9/2018
*FKLI Sep 18*
Previous Close: 1803 +8
Please be noted that Sep 18 contract will be expired by end of this week, traders may choose to trade Oct 18. FKLI back to above 1800 for the 1st day as tracking gains in key global stock market and foreign fund buying. US stock market up more than 80pst on last Friday but DJI down for more than 60pts this morning, FKLI may open in flat today.
Daily chart showed FKLI in a sideway range, wait for breakout, while hourly chart showed FKLI in testing 61.8% Fibo retracement level from swing 1828.5-1764.5 .
*Classic Support & Resistance*
Resistance: 1814.5 1828.5
Support: 1795 1789.5 1780.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1807.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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