FKLI (FTSE Bursa Malaysia KLCI Futures) has reached a new year-to-date (YTD) high and is holding above the critical 1650 level. This surge is supported by a strong Malaysian Ringgit (MYR) and robust performance in banking stocks.
Monday, August 19, 2024
Sunday, August 18, 2024
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FCPO lost the 3700 level due to weakness in CBOT, particularly as soybean oil broke down below the 38 level during Asia trading hours. While the overnight soybean oil rebound is a positive sign, FCPO's ability to challenge 3730 on Monday will depend on continued strength in soybean oil, stability in CBOT, and market sentiment.
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