FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 2/8/2019 - Renewed trade tensions likely to limit upside of FKLI

InvestorsDoctor
Publish date: Fri, 02 Aug 2019, 08:38 AM
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2/8/2019
 
*FKLI Aug 19*
 
Previous Close:  1635 +6
 
FKLI pulled back from low and closed higher yesterday, but renewed trade tensions dragged down US market again, FKLI may gap down and retest support level. Watch out for Msia balance of trade Jun 19 on 12pm today.
 
4H chart testing rebound from RSI bullish divergence, which is also 38.2 Fibo retracement level around 1620 level, required to close below 1620 to trigger more downside.
 
*Classic Support & Resistance* 
Resistance: 1657 1674
Support: 1615 1590
 
*Recommend Trading Plan for the day*
1. Sell 1634, stop 1637, profit 1631/1628/1625
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
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Discussions
Be the first to like this. Showing 1 of 1 comments

laychee

Trump seems to have found a way to tango with US Federal Reserve:

Trade war escalation:

When Powell doesn't want to cut, he escalates.

This is the second time Trump escalated trade war tension on the first day of lunar calendar. Only lunatics.
.

2019-08-02 10:24

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