FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 3/10/2019 - Watch out for potential downside below 1570

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Publish date: Thu, 03 Oct 2019, 08:38 AM
Here we update timely info about FKLI

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3/10/2019

 
*FKLI Oct 19*
 
Previous Close: 1573 -15
 
FKLI down sharply to test more than 4 year low yesterday as tracking weakness in foreign market. US stock market fell near 500pts last night, FKLI may gap down and test support.
 
4H chart testing to break own from sideway, more to bearish, close below 1570 level to trigger further sell signal.
 
*Classic Support & Resistance* 
Resistance: 1585 1605
Support: 1550 1530
 
*Recommend Trading Plan for the day*
1. Sell 1570, stop 1573, profit 1567/1564/1561
 
*FKLI Margin Requirement* 
Overnight MYR 3000
Spread MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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