FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 15/8/2019 - US fell 800pts, limit upside of FKLI

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Publish date: Thu, 15 Aug 2019, 08:34 AM
Here we update timely info about FKLI

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15/8/2019
 
FKLI Aug 19
 
Previous Close:  1595 +8.5
 
FKLI showed some rebound yesterday but still below 1600 level. US stock market fell 800pts after bond market sends recession warning, FKLI likely to gap down and test previous low.
 
Hourly chart formed a more to bearish wave, below 1580 to trigger more downside.
 
Classic Support & Resistance 
Resistance: 1605 1622
Support: 1584 1560
 
Recommend Trading Plan for the day
1. Sell 1592, stop 1595, profit 1589/1586/1583
 
FKLI Margin Requirement 
Overnight  MYR 3000
Spread       MYR 500
 
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