FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 7/11/2019 - Failed to break above 1610, move into range, wait for breakout

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Publish date: Thu, 07 Nov 2019, 08:31 AM
Here we update timely info about FKLI

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7/11/2019
 
*FKLI Nov 19*
 
Previous Close:  1605 +0.5
 
FKLI traded in tight range yesterday while US stock market closed in flat, FKLI may enter short term sideway.  
 
4H chart testing 38.2 Fibo level of swing 1700-1547, close above 1610 for more upside, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance: 1622 1636
Support: 1597 1581
 
*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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