FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 4/3/2019 - Possible rebound to test to hold above 1700 level

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Publish date: Mon, 04 Mar 2019, 08:35 AM
Here we update timely info about FKLI

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4/3/2019

*FKLI Mar 19*

Previous Close: 1698 -1.5

FKLI reversed part of its losses from 1690 support level on last Friday, while US stock market rebounded more than 100pts and futures now up another 100pts, FKLI likely gap up to test resistance level. Watch out for Msia balance of trade on 12pm today.

Hourly chart showed FKLI test a technical rebound from RSI oversold, close below 1688 to trigger more downside.

*Classic Support & Resistance*
Resistance: 1709.5 1721
Support: 1688 1676.5

*Recommend Trading Plan for the day*
1. Buy 1700 for technical rebound, stop 1697, profit 1703/1706/1709.
2. Look for sell signal below 1688.

*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500

Disclaimer: Idea sharing only, trade at your own risk.

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