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May17: FKLI (Weekly) - Sideways-Down <R1 @161x-3x 📉🐻

FTSE Bursa Malaysia KLCI Futures (MYX:FKLI1!)  
MyTradingSpace_JK  
MYX:FKLI1!   FTSE Bursa Malaysia KLCI Futures
Support and Resistance Fundamental Analysis Trend Lines fkli fkli1 FKLI1! klcifutures klci malaysiafuturesmarket malaysiafutures klsetrading
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supportandresistance fundamental trendline fkli fkli1 fkli1! klcifutures klci malaysiafuturesmarket malaysiafutures klsetrading
Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds, albeit weekly close below ema100 (~158x area)

❇️Fundamentals:
  • Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
  • Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
  • Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.

❇️Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP

Happy Hunting! Stay Safe! ⭐️
-JK-

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May03: FKLI (Weekly) - Sideways-Up, Major Range 150x-170x 📈📉
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