FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 11/10/2019 - Sideway to lower, below 1547 to trigger more downside

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Publish date: Fri, 11 Oct 2019, 08:37 AM
Here we update timely info about FKLI

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11/10/2019
 
*FKLI Oct 19*
 
Previous Close:  1551 -6.5
 
FKLI ended lower to test 1550 support level ahead of Malaysia Budget today. US stock market rose around 150pts last night, likely to limit downside of FKLI. Watch out for Malaysia unemployment rate, industrial production & retail sales data on 12pm today.
 
Hourly chart formed lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
 
*Classic Support & Resistance* 
Resistance: 1560 1570
Support: 1540 1530
 
*Recommend Trading Plan for the day*
1. Sell 1547, stop 1550, profit 1544/1541
2. Trade in range 1540-1560
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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