FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 3/6/2019 - Sharp fall in US market may limit upside of FKLI

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Publish date: Mon, 03 Jun 2019, 08:36 AM
Here we update timely info about FKLI

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3/6/2019
 
*FKLI May 19*
 
Previous Close:  1645.5 +9
 
FKLI ended higher on last Friday despite weaker foreign market performance, retest 1650 resistance level. However US stock market fell more than 350pts on last Friday and futures this morning drop another 150pts, FKLI may gap down and test support.
 
Daily chart showed FKLI to test 50% - 61.8% Fibo retracement level which is around 1650-1670, close above 1650 to trigger more rebound.
 
*Classic Support & Resistance* 
Resistance: 1647 1656.5
Support: 1636 1629
 
*Recommend Trading Plan for the day*
1. Buy 1648, stop 1645, profit 1651/1654/1657
2. Sell 1641, stop 1644, profit 1638/1635/1632
 
*FKLI Margin Requirement* 
Overnight  MYR 4000
Spread       MYR 500
 
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