FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 22/11/2018 - US erased its gains, FKLI likely to test support

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Publish date: Thu, 22 Nov 2018, 08:39 AM
Here we update timely info about FKLI

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22/11/2018

 
*FKLI Nov 18*
 
Previous Close: 1693 -18.5
 
FKLI again closed below 1700 level after drag down by sharp fall in US stock market while foreign fund remain as net seller. US stock market erased its gains last night, expect FKLI to see pressure above 1700 level, may retest previous low 1st.
 
Hourly chart showed FKLI retreat from 61.8 Fibo retracement level, close below 1688 likely to test 1673.5 previous low.
 
 *Classic Support & Resistance* 
Resistance: 1713 1729 
Support: 1665.5 1655
 
 *Recommend Trading Plan for the day:*
1. Look for close gap signal above 1698.5.
2. Look for sell signal below 1686.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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