FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 19/11/2018 - In wide range but slightly bullish as index back to above 1700

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Publish date: Mon, 19 Nov 2018, 08:34 AM
Here we update timely info about FKLI

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19/11/2018

 
*FKLI Nov 18*
 
Previous Close: 1705.5 +6
 
FKLI back to above 1700 as tracking strength in foreign market. US stock market up more than 120pts on last Friday but see some correction this morning with DJI futures -50pts, FKLI likely to trade in range.
 
Hourly showed FKLI move in a wide range with a technical rebound signal as technical indicators crossing up, now the index testing 61.8 Fibo retracement level, close above 1711 to trigger further rebound signal to 1730 level.
 
 *Classic Support & Resistance* 
Resistance: 1711 1729
Support: 1693 1673.5
 
 *Recommend Trading Plan for the day:*
1. Look for clsoe gap signal below 1702.
2. Look for buy signal above 1711.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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