28/12/2018
*FKLI Dec 18*
Previous Close: 1680 +9
Please be noted that Dec 18 contract will be expired on next Monday 31/12, traders may choose to trade Jan 19 contract. FKLI retest 1680 level yesterday after a more than 1000pts rebound in US stock market. US stock market closed with more than 200pts last night, expect FKLI to gap up and test resistance.
Hourly chart formed higher high & low with a gap, required to close above 1687.5 to trigger more upside.
*Classic Support & Resistance*
Resistance: 1692 1706.5
Support: 1670 1655.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1687.5.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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