1/7/2019
*FKLI Jul 19*
Previous Close: 1678 +4
Dow Jones futures surged more than 200pts this morning after US & China agreed to not impose more tariffs, likely to push up FKLI. Watch out for Msia manufacturing PMI at 830am today.
Hourly chart showed FKLI move in tight range, wait for more breakout .
*Classic Support & Resistance*
Resistance: 1682.5 1690
Support: 1671 1665
*Recommend Trading Plan for the day*
1. Buy 1683, stop 1680, profit 1686/1689/1692
2. Look for sell signal below 1670
*FKLI Margin Requirement*
Overnight MYR 4000
Spread MYR 500
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