FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 12/7/2019 - Strong US market to limit downside of FKLI

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Publish date: Fri, 12 Jul 2019, 08:33 AM
Here we update timely info about FKLI

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12/7/2019
 
*FKLI Jul 19*
 
Previous Close:  1683 +6
 
FKLI closed in flat range yesterday but downside likely limited by more to bullish global market sentiment, especially DJI closed above 27000 for the 1st time, FKLI may gap up later. Watch out for Msia unemployment rate, industrial production & retail sales data on 12pm today.
 
Hourly chart showed FKLI in a sideway to higher trend, wait for more breakout
 
*Classic Support & Resistance* 
Resistance: 1690 1700
Support: 1677 1670
 
*Recommend Trading Plan for the day*
1. Trade in range 1680-1700
 
*FKLI Margin Requirement* 
Overnight  MYR 4000
Spread       MYR 500
 
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