FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 9/8/2019 - Close at day high, rebound continues

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Publish date: Fri, 09 Aug 2019, 08:41 AM
Here we update timely info about FKLI

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9/8/2019
 
FKLI Aug 19
 
Previous Close:  1615 +14.5
 
FKLI recovered from low and closed at day high yesterday as tracking rebound in foreign market. US stock market extended its gains by near 400pts last night, FKLI may gap up and test resistance level. Watch out for Msia unemployment rate, construction output & industrial production data on 12pm today.
 
Hourly chart continue rebound from RSI oversold, close above 1620 to trigger more upside.
 
Classic Support & Resistance 
Resistance: 1625 1636
Support: 1605 1596
 
Recommend Trading Plan for the day
1. Buy 1618, stop 1615, profit 1621/1624/1627
 
FKLI Margin Requirement 
Overnight  MYR 3000
Spread       MYR 500
 
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