FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 11/7/2019 - Strong US market to limit downside of FKLI

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Publish date: Thu, 11 Jul 2019, 09:14 AM
Here we update timely info about FKLI

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11/7/2019
 
*FKLI Jul 19*
 
Previous Close:  1677 -6.5
 
FKLI closed lower but gap up to above 1680 level today as US stock market marked new high. 
 
Hourly chart showed FKLI sustain above 61.8 Fibo retracement level which is around 1675, in a bullish structure.
 
*Classic Support & Resistance* 
Resistance: 1690 1700
Support: 1677 1670
 
*Recommend Trading Plan for the day*
1. Trade in range 1670-1690
 
*FKLI Margin Requirement* 
Overnight  MYR 4000
Spread       MYR 500
 
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