FKLI
FKLI Spot Month Futures (PM) - 27 Dec 2024
Fri, 27-Dec-2024 02:17 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1619
Resistance
1625 / 1630 / 1636
Support
1619 / 1615 / 1610
Possible Range
1615 to 1635
Strategy
Long positions may be opened above 1620 with targets at 1625/1630 and stop-loss at 1615
Short positions may be opened below 1620 with targets at 1615/1610 and stop-loss at 1625

FKLI Dec month surged 20 points or 1.25% to closed higher at 1625 on midday session. The FBM KLCI rallied by midday today, driven by year-end window dressing activities and mirroring gains across most regional markets.

The FKLI broken up from the resistant range of downward channel at 1604 to 1603, and trading further higher. We remain our call to buy on retracement, supported above 1619 to 1620, could potentially provide buying opportunity, highest likely to see at 1625 to 1628 range. Beware of any sentiment change or profit taking activities. Immediate support and resistance levels are identified at 1619 and 1625, 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