FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 28/9/2018 - In sideway, watch out support level 1788

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Publish date: Fri, 28 Sep 2018, 09:42 AM
Here we update timely info about FKLI

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28/9/2018

 
*FKLI Oct 18*
 
Previous Close: 1793.5 -6.5
 
Please be noted that Sep 18 contract will be expired by today, traders may choose to trade Oct 18. FKLI unable to sustain above 1800, dragged down by peer markets after a US interest hike and foreign fund withdrawal. US stock market rebounded more than 50pts last night, FKLI may retest 1800 level.
 
Hourly chart showed FKLI traded in a sideway, wait for more breakout signal. According to Fibo retracement of swing 1778-1806, FKLI holds above 38.2% which is around 1788, close below 1788 to trigger further downside.
 
 *Classic Support & Resistance* 
Resistance: 1800 1806 1810.5
Support: 1788 1778 1763
 
 *Recommend Trading Plan for the day:*
1. Look for sell signal below 1788.
2. Look for buy signal above 1796.5.
3. If expect 1788 support to hold, buy 1792 or below, stop 1787, profit 1797/1802.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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