FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 28/5/2019 - Enter tight range, but more to bearish

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Publish date: Tue, 28 May 2019, 09:06 AM
Here we update timely info about FKLI

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28/5/2019
 
*FKLI May 19*
 
Previous Close:  1598 -2.5
 
Please be noted that May 19 will be expired by end of this week, traders may choose to trade Jun 19. FKLI closed slightly lower at below 1600 level while US stock market off for public holiday, FKLI likely to move in range.
 
Hourly chart showed FKLI entered sideway 1590-1613, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1613 1633.5
Support: 1590.5 1573
 
*Recommend Trading Plan for the day*
1. Trade in range 1590-1613
 
*FKLI Margin Requirement* 
Overnight  MYR 4000
Spread       MYR 500
 
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