FKLI Updates

Daily Futures Commentaries: [FKLI Malaysia Index] 3/12/2019 - Weaker US stock market may limit upside of FKLI

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Publish date: Tue, 03 Dec 2019, 08:42 AM
Here we update timely info about FKLI

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3/12/2019
 
*FKLI Dec 19*
 
Previous Close:  1570 +4.5
 
FKLI recovered some from earlier sharp fall, but US stock market fell more than 260pts, likely to limit upside of FKLI. 
 
Hourly chart is more to bearish, may retest previous low at around 1550 level.
 
*Classic Support & Resistance* 
Resistance: 1580 1590
Support: 1560 1550
 
*Recommend Trading Plan for the day*
1. Sell 1568, stop 1571, profit 1565/1562/1559
2. Buy 1572, stop 1569, profit 1575/1578/1581
 
*FKLI Margin Requirement* 
Overnight  MYR 3000
Spread       MYR 500
 
Disclaimer: For idea sharing only, trade at your own risk
 
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