FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 1/10/2019 - Sideway to lower, wait for more breakout

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Publish date: Tue, 01 Oct 2019, 08:29 AM
Here we update timely info about FKLI

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1/10/2019
 
*FKLI Oct 19*
 
Previous Close:  1584 +3
 
FKLI managed to hold above 1580 level yesterday, plus US stock market up near 100pts last night, FKLI may test to rebound 1st, yet overall in a tight range.
 
Hourly chart formed a sideway to lower trend, close below 1570 level to trigger more downside.
 
*Classic Support & Resistance* 
Resistance: 1605 1622
Support: 1570 1550
 
*Recommend Trading Plan for the day*
1. Trade in range 1575-1595
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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