FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 15/2/2019 - In sideway, continue with range trading setup

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Publish date: Fri, 15 Feb 2019, 08:30 AM
Here we update timely info about FKLI

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15/2/2019

 
*FKLI Feb 19*
 
Previous Close: 1684.5 -1
 
FKLI traded in a tight range yesterday and closed with almost unchanged. US stock market ended its winning streak with more than 100pts losses last night, FKLI may gap down later. 
 
Daily chart showed FKLI in a sideway within the range from 1660-1710, traders may look for range trading setup and wait for breakout.
 
 *Classic Support & Resistance* 
Resistance: 1706 1729
Support: 1664 1631.5
 
 *Recommend Trading Plan for the day:*
1. Trade in range 1670-1690, wait for breakout.
 
 *FKLI Margin Requirement* 
Overnight MYR 4000
Spread MYR 500
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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