FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 10/10/2019 - Sideway to lower, below 1548 to trigger more downside

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Publish date: Thu, 10 Oct 2019, 08:39 AM
Here we update timely info about FKLI

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10/10/2019
 
*FKLI Oct 19*
 
Previous Close:  1557.5 +0.5
 
FKLI pulled back from losses below 1550 level and closed with almost unchanged yesterday. US stock market up more than 180pts last night but drop back more than 200pts this morning due to no progress in US-China trade talk, likely to limit upside of FKLI.
 
Hourly chart formed lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
 
*Classic Support & Resistance* 
Resistance: 1570 1590
Support: 1540 1520
 
*Recommend Trading Plan for the day*
1. 1548 or 1567 look for breakout signal
2. Sell 1557, stop 1560, profit 1554/1551
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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