FKLI
FKLI Spot Month Futures - 25 Oct 2024
Fri, 25-Oct-2024 08:07 am
by Dealing Team • Apex Futures

FKLI
Pivot
1631
Resistance
1635 / 1638 / 1642
Support
1631 / 1627 / 1625
Possible Range
1625 to 1645
Strategy
Long positions may be opened above 1631 with targets at 1635/1638 and stop-loss at 1626
Short positions may be opened below 1631 with targets at 1627/1625 and stop-loss at 1636

FKLI Oct month dropped 10 points or 0.61% to close lower at 1632. The FBM KLCI ended in the red for the fourth consecutive session on Thursday, as regional equities also dipped.

Overnight Dow Jones dropped 140 points to close lower at 42374. The benchmark S&P 500 and the Dow closed lower in volatile trading, primarily due to declines in industrial, materials, and utilities stocks. In contrast, the Nasdaq finished higher as investors absorbed corporate results from various sectors of the U.S. economy.

Tracking the mixed performance in US performance, FKLI index could within a range. Latest price traded at another crucial support level at 1631 to 1630, which is nearly the bottom of a sideway range, breaking below could see further lower to next range. We also expect some technical buying for today trading if it is supported at the bottom. Immediate support and resistance levels are identified at 1631 and 1635, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.967989
EUR 4.615974 4.625491
CNY 0.577616 0.578239
HKD 0.502266 0.506322
SGD 3.083269 3.108163