26/9/2018
*FKLI Sep 18*
Previous Close: 1791 -2
Please be noted that Sep 18 contract will be expired by end of this week, traders may choose to trade Oct 18. FKLI in a technical correction as pressured by weakening US stock market. However, return of foreign fund buying may support index.
Hourly chart showed FKLI in a sideway, testing 38.2% of Fibo level from swing 1828.5-1764.5, wait for breakout.
*Classic Support & Resistance*
Resistance: 1797 1807.5 1814.5
Support: 1780.5 1764.5
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1787.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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