FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 31/10/2018 - US rebounded more than 400pts, FKLI likely retest above 1700 level

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Publish date: Wed, 31 Oct 2018, 08:39 AM
Here we update timely info about FKLI

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31/10/2018

 
*FKLI Nov 18*
 
Previous Close: 1683.5 -2
 
Please be noted that Oct 18 contract will be expired by the end of today, traders may choose to trade Nov 18 contract. FKLI retreated from resistance near 1700 level and closed with slight losses as weighed down by foreign fund selling and decline in global stock market. However, US stock market overnight gains of more than 400pts likely to lift up FKLI today.
 
Hourly chart formed a possible technical rebound from RSI bullish divergence with higher highs & lows candles, may retest 1700 level.
 
 *Classic Support & Resistance* 
Resistance: 1697.5 1711
Support: 1674 1665
 
 *Recommend Trading Plan for the day:*
1. If expect FKLI to track strength of US market, buy 1685 or below, stop 1681, profit 1689/1693.
2. Look for further buy signal above 1697.5 yesterday high.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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