FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 25/1/2019 - In range but more to bullish

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Publish date: Fri, 25 Jan 2019, 08:39 AM
Here we update timely info about FKLI

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25/1/2019

 
*FKLI Jan 19*
 
Previous Close: 1696 +1.5
 
Please be noted that Jan 19 contract will be expired on next Thurs (31/1), traders may choose to trade Feb 19. FKLI closed with little changes, same with US stock market last night. FKLI likely to trade in range 1st.
 
Hourly chart's technical indicators are slightly bullish, close above 1703 to trigger more upside.
 
 *Classic Support & Resistance* 
Resistance: 1703 1713 1729
Support: 1684 1664
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 1703.
2. If index retrace 1st, look for buy signal near 1690 support.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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