FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 9/11/2018 - US erased its gains, FKLI may move in range 1700-1720

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Publish date: Fri, 09 Nov 2018, 08:43 AM
Here we update timely info about FKLI

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9/11/2018

 
*FKLI Nov 18*
 
Previous Close: 1720 +4.5
 
FKLI ended higher to test 1720 level as tracking strength in global market and supported by foreign fund buying. Today watch out for Msia industrial production, retail sales & unemployment rate on 12pm.
 
Hourly technical indicators crossing up with candles move in BB channel, likely to test previous resistance around 1750.
 
 *Classic Support & Resistance* 
Resistance: 1749.5 1779
Support: 1701.5 1665.5
 
 *Recommend Trading Plan for the day:*
1. If index retreat to close downside gap 1st, look for buy signal 1712-1715, stop loss 4pts, profit 4pts / 8pts.
2. Look for buy signal above 1729. 
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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