FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 25/6/2019 - Enter tight range, wait for more breakout

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Publish date: Tue, 25 Jun 2019, 08:44 AM
Here we update timely info about FKLI

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25/6/2019
 
*FKLI Jun 19*
 
Previous Close:  1677 +0.5
 
FKLI moved in tight range yesterday as market stay cautious ahead of G20 Summit. US market also in low volatility last night, FKLI likely continue to move in range.
 
Hourly chart showed a narrowing BB and weakening strength & momentum indicators, suggest that FKLI may enter sideway in short term.
 
*Classic Support & Resistance* 
Resistance: 1687.5 1694.5
Support: 1666 1653
 
*Recommend Trading Plan for the day*
1. Trade in range 1670-1685
 
*FKLI Margin Requirement* 
Overnight  MYR 4000
Spread       MYR 500
 
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