31/12/2018
*FKLI Jan 19*
Previous Close: 1688.5 +7
Please be noted that Dec 18 contract will be expired on today 31/12, traders may choose to trade Jan 19 contract. FKLI closed higher on last Friday for window dressing and as supported by recovery in foreign market. US stock market dropped 70pts+ last Friday but futures up 150pts+ this morning, FKLI may continue to test window dressing.
Hourly chart testing 50% Fibo retracement level of swing 1748.5-1632.5, close above 61.8 to trigger more upside.
*Classic Support & Resistance*
Resistance: 1711 1725.5
Support: 1679 1659.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1694.
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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