FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 3/5/2019 - Close below 1620 will trigger more downside

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Publish date: Fri, 03 May 2019, 08:37 AM
Here we update timely info about FKLI

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3/5/2019
 
*FKLI May 19*
 
Previous Close:  1624.5 -11.5
 
FKLI unable to hold above 1640 level as pressured by foreign fund selling. US stock market dropped more than 120pts, may limit upside of FKLI. Watch out for Msia balance of trade on 12pm.
 
Hourly chart showed FKLI in a sideway to lower trend, close below 1620 to trigger more downside.
 
*Classic Support & Resistance* 
Resistance: 1640.5 1650.5
Support: 1609.5 1600
 
*Recommend Trading Plan for the day*
1. Trade in range 1620-1640
2. Look for sell signal below 1620
 
*FKLI Margin Requirement* 
Overnight  MYR 4000
Spread       MYR 500
 
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