FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 12/9/2019 - Strong rebound in US market, watch out for potential breakout

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Publish date: Thu, 12 Sep 2019, 08:42 AM
Here we update timely info about FKLI

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12/9/2019
 
*FKLI Sep 19*
 
Previous Close:  1594 +6
 
FKLI climbed back to above 1590 level as supported by late buying. US stock market up more than 200pts last night and futures gain another 150pts this morning, FKLI may gap up and test resistance.
 
Hourly chart formed a sideway to lower trend, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1605 1622
Support: 1585 1573
 
*Recommend Trading Plan for the day*
1. Trade in range 1580-1600
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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