FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 1/8/2019 - Dragged down by US market after interest rate decision

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Publish date: Thu, 01 Aug 2019, 08:46 AM
Here we update timely info about FKLI

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1/8/2019
 
*FKLI Jul 19*
 
Previous Close:  1629 -12.5
 
FKLI hit 2 month low ahead of FOMC meeting as pressured by heavy selling, mainly banking stocks. 
 
4H chart formed lower highs & lows, may test 38.2 Fibo retracement level of swing 1573-1700 around 1620 level, but watch out as RSI in oversold.
 
*Classic Support & Resistance* 
Resistance: 1643 1664
Support: 1615 1590
 
*Recommend Trading Plan for the day*
1. Sell 1625, stop 1628, profit 1622/1619/1616
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
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