FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 12/2/2019 - Within previous range, continue with range trading setup

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Publish date: Tue, 12 Feb 2019, 08:31 AM
Here we update timely info about FKLI

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12/2/2019

 
*FKLI Feb 19*
 
Previous Close: 1686.5 +3.5
 
FKLI reversed its losses and closed slightly higher as supported by late buying. US stock market closed with a small loss last night, FKLI likely to trade in range 1st. 
 
4H chart showed FKLI moved in a tight range around 1660-1710, may choose to trade within the range and wait for breakout.
 
 *Classic Support & Resistance* 
Resistance: 1706 1729
Support: 1664 1631.5
 
 *Recommend Trading Plan for the day:*
1. Trade in range 1670-1700, 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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