FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 30/1/2019 - Trade in range as index move in triangle sideway pattern

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Publish date: Wed, 30 Jan 2019, 08:45 AM
Here we update timely info about FKLI

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30/1/2019

 
*FKLI Jan 19*
 
Previous Close: 1694 +1
 
Please be noted that Jan 19 contract will be expired on Thurs (31/1), traders may choose to trade Feb 19. FKLI closed in flat while US stock market reversed its losses last night, may limit downside of FKLI. Watch out for Msia balance of trade data on 12pm today.
 
4H chart showed FKLI move within range of ascending triangle pattern, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 1713 1729
Support: 1684 1664
 
 *Recommend Trading Plan for the day:*
1. Trade in range 1684-1706, wait for breakout.
 
 *FKLI Margin Requirement* 
Overnight MYR 5000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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