FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 27/5/2019 - Enter tight range, but more to bearish

InvestorsDoctor
Publish date: Mon, 27 May 2019, 08:32 AM
Here we update timely info about FKLI

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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
 
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