FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 12/11/2019 - Remain in rebound stage, above 1620 for more upside

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Publish date: Tue, 12 Nov 2019, 08:43 AM
Here we update timely info about FKLI

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12/11/2019
 
*FKLI Nov 19*
 
Previous Close:  1608.5 -2.5
 
FKLI traded in tight range yesterday as upside limited by weakening foreign market. On the other hand, US stock market reversed its previous losses at close, expect FKLI to move in range. Watch out for Msia retail sales data on 12pm today.
 
4H chart formed higher highs & lows, more to bullish, 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 1597-1617
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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