FKLI1 - looks heavy and ready for retracement?

Short

FTSE Bursa Malaysia KLCI Futures (MYX_DLY:FKLI1!)

Updated

MYX_DLY:FKLI1! FTSE Bursa Malaysia KLCI Futures

trendanalysis chartpattern fkli fkli1 fkli1! fklimalaysia klci klcifutures malaysia malaysiafuturesmarket

Technically at the current level KLCI looks heavy. If price cannot hold above 1615 then a bigger retracement is expected towards 1585 to 1571 support area.

Comment:

Looks like support area 1617 is holding for now. Immediate target is now former high 1637.

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