FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 26/11/2018 - In triangle sideway pattern, but upside likely limited by weak DJI

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Publish date: Mon, 26 Nov 2018, 08:35 AM
Here we update timely info about FKLI

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26/11/2018

 
*FKLI Nov 18*
 
Previous Close: 1694 +2
 
Please be noted that Nov 18 contract will be expired on this Friday 30/11, traders may choose to trade Dec 18. FKLI closed in flat before US stock market resume while supported by foreign fund buying. US stock market dropped near 180pts on last Friday but showed some recovery in this morning, FKLI may gap down and test previous low of 1686.
 
Hourly chart entered triangle pattern while technical indicators in neutral, wait for breakout.
 
 *Classic Support & Resistance* 
Resistance: 1713 1729 
Support: 1686 1673.5 1665.5
 
 *Recommend Trading Plan for the day:*
1. Trade in range 1680-1710.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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