FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 5/7/2019 - Close above 1700 to trigger more upside

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Publish date: Fri, 05 Jul 2019, 08:41 AM
Here we update timely info about FKLI

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5/7/2019
 
FKLI Jul 19
 
Previous Close:  1694 +1.5
 
FKLI ended slightly higher yesterday in a tight range, after Msia balance of trade in May 19 meet expectation. US stock market closed for public holiday, expect FKLI to continue move in range.
 
Hourly chart showed FKLI in sideway to higher trend, close above 1700 level to trigger more upside.
 
Classic Support & Resistance 
Resistance: 1700 1710
Support: 1680 1670
 
Recommend Trading Plan for the day
1. Trade in range 1685-1700
2. Look for buy signal above 1700
 
FKLI Margin Requirement 
Overnight  MYR 4000
Spread       MYR 500
 
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