FBMKLCI (daily chart)
FBMKLCI been consolidating after the recent run up weeks ago. There is no clear sign whether the FBMKLCI would do a breakout in the near term just yet. FBMKLCI is expected to mingle within the range of 1478 and 1500. Immediate support stood at 1478 and a psychological resistant stood at 1500.
FBMKLCI (15 minutes chart)
FBMKLCI has been giving way to the downtrend line amid a healthy correction on previous run up. Lower highs are being observed while lower lows are yet to dominate the scene. It is being suspected that a descending triangle could form as time passses and a breakout would be seen in near future.
Immediate support : 1476
FKLI (15 minutes chart)
Index futures(FKLI) has been observing the range and trades within the high 1488.5 and low of 1470.5. A descending triangle is seen to be forming. A breakout upon the descending triangle would trigger new open interest in the market.
Immediate Resistant : 1502, 1508
Immediate Support : 1482, 1467
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