FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 31/10/2019 - Continue rebound, likely to test 1600 level

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Publish date: Thu, 31 Oct 2019, 08:35 AM
Here we update timely info about FKLI

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31/10/2019
 
*FKLI Nov 19*
 
Previous Close:  1581.5 +5
 
FKLI hit near 1 month high to above 1580 level as supported by more to bullish global sentiment. US stock market up more than 100pts last night, FKLI likely continue to test rebound.
 
4H chart testing to breakout from short term sideway , may retest 1600 level.
 
*Classic Support & Resistance* 
Resistance: 1600 1616
Support: 1560 1550
 
*Recommend Trading Plan for the day*
1. Buy 1679, stop 1676, profit 1682/1685
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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