FKLI
FKLI Spot Month Futures (PM) - 26 Dec 2024
Thu, 26-Dec-2024 02:22 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1601
Resistance
1604 / 1607 / 1611
Support
1601 / 1597 / 1594
Possible Range
1598 to 1618
Strategy
Long positions may be opened above 1601 with targets at 1604/1607 and stop-loss at 1596
Short positions may be opened below 1601 with targets at 1597/1594 and stop-loss at 1606

FKLI Dec month rose 7 points or 0.44% to closed higher at 1603.5 on midday session. The FBM KLCI climbed at midday on Boxing Day, driven by year-end window dressing activities amid a subdued market.

We remain to see the FKLI trading below resistant line of a downward channel, the index faced resistant at the 1603 to 1604 range. If the index breaking above this range, there is likely a strong buying toward 1608 to 1607, if the first resistant fail to break, we might see selling pressure coming in. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1601 and 1604, respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.966986
EUR 4.638033 4.641717
CNY 0.579004 0.579460
HKD 0.502535 0.505960
SGD 3.092229 3.113332