FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 21/8/2019 - US retreat from high, FKLI gap down below 1600

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Publish date: Wed, 21 Aug 2019, 08:49 AM
Here we update timely info about FKLI

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21/8/2019
 
*FKLI Aug 19*
 
Previous Close:  1599.5 +7.5
 
FKLI retested 1600 level as supported by gains in foreign market, but US stock market fell near 200pts last night, FKLI may gap down and test support.
 
Hourly chart testing rebound from RSI bullish divergence, required more bullish wave to trigger more buy signal.
 
*Classic Support & Resistance* 
Resistance: 1622 1636
Support: 1576 1560
 
*Recommend Trading Plan for the day*
1. Trade in range 1585-1605
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
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