FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 6/11/2019 - Testing 1610 level, remain in rebound stage with possible short term correction

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Publish date: Wed, 06 Nov 2019, 08:46 AM
Here we update timely info about FKLI

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6/11/2019
 
*FKLI Nov 19*
 
Previous Close:  1604.5 +0
 
FKLI retreated from high yesterday for profit taking, while US stock market testing 27500 level, expect FKLI to move in range. 
 
4H chart testing 38.2 Fibo level of swing 1700-1547, close above 1610 for more upside.
 
*Classic Support & Resistance* 
Resistance: 1622 1636
Support: 1581 1563
 
*Recommend Trading Plan for the day*
1. Trade in range 1590-1610
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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