27/5/2019
*FKLI May 19*
Previous Close: 1600.5 -1
Please be noted that May 19 will be expired by end of this week, traders may choose to trade Jun 19. FKLI retested 1600 level on last Friday as pressured by trade war tensions and foreign fund withdrawal. US stock market rebounded near 100pts last Friday, FKLI may test resistance 1st.
Hourly chart showed FKLI unable to sustain above 50% Fibo retracement level of swing 1645-1573, more to bearish.
*Classic Support & Resistance*
Resistance: 1613 1633.5
Support: 1590.5 1573
*Recommend Trading Plan for the day*
1. If index rebound 1st, look for sell signal 1605-1610
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589