29/1/2019
*FKLI Jan 19*
Previous Close: 1693 -8
Please be noted that Jan 19 contract will be expired on Thurs (31/1), traders may choose to trade Feb 19. FKLI unable to hold its gains above 1700, closed lower with profit taking. US stock market fell more than 200pts, FKLI likely to gap down and test support.
Hourly chart showed FKLI retreat from 38.2 Fibo retracement level of swing 1828.5-1631.5 and test for technical correction.
*Classic Support & Resistance*
Resistance: 1713 1729
Support: 1684 1664
*Recommend Trading Plan for the day:*
1. Sell 1692 for technical correction, stop 1697, profit 1687/1682.
*FKLI Margin Requirement*
Overnight MYR 5000
Spread MYR 500
Disclaimer: Idea sharing only, trade at your own risk.
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