FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 25/9/2018 - Weakness in global market weighed down index, retest Fibo level

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Publish date: Tue, 25 Sep 2018, 08:34 AM
Here we update timely info about FKLI

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25/9/2018

 
*FKLI Sep 18*
 
Previous Close: 1793 -10
 
Please be noted that Sep 18 contract will be expired by end of this week, traders may choose to trade Oct 18. FKLI erased its previous gains and closed below 1800, traded at discount to KLCI as weighed down by weakness in global stock market and foreign fund selling. US stock market dropped more than 180pts, FKLI may gap down and test support.
 
Daily chart showed FKLI in a sideway range, wait for breakout, while hourly chart showed FKLI in testing 38.2% Fibo retracement level from swing 1828.5-1764.5 .
 
 *Classic Support & Resistance* 
Resistance: 1807.5 1814.5
Support: 1780.5 1764.5
 
 *Recommend Trading Plan for the day:*
1. Look for sell signal below 1788.5.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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