FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 7/6/2019 - Strong rebound in US likely to support FKLI

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Publish date: Fri, 07 Jun 2019, 08:45 AM
Here we update timely info about FKLI

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7/6/2019
 
FKLI Jun 19
 
Previous Close:  1644 -5.5
 
FKLI closed slightly lower ahead of holiday, but US showed a strong rebound for more than 800pts since 4 June, FKLI may gap up and test resistance. 
 
Hourly chart showed FKLI retreated from 50% Fibo retracement level of swing 1729.5-1573 which is around 1651.5 with RSI bearish divergence, required to close above 1650 to trigger more rebound.
 
Classic Support & Resistance 
Resistance: 1656.5 1669.5
Support: 1636 1626
 
Recommend Trading Plan for the day
1. Buy 1645, stop 1642, profit 1648/1651
2. Look for buy signal above 1653
 
FKLI Margin Requirement 
Overnight  MYR 4000
Spread       MYR 500
 
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