FKLI
FKLI Spot Month Futures (PM) - 2 Jan 2025
Thu, 02-Jan-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1638
Resistance
1641 / 1645 / 1648
Support
1638 / 1635 / 1630
Possible Range
1630 to 1650
Strategy
Long positions may be opened above 1638 with targets at 1641/1645 and stop-loss at 1633
Short positions may be opened below 1638 with targets at 1635/1630 and stop-loss at 1643

FKLI Jan month dropped 3 points or 0.30% to closed lower at 1637 on midday session. The benchmark FBM KLCI opened the new year on a weak note, falling over 10 points amid profit-taking activities, as cautious sentiment dominated regional markets. Concerns over the anticipated return of Donald Trump to the White House contributed to a subdued start for most Asian indices, which began 2025 in the red.

We remain our view that the FKLI index resisted at the area of 1639 to 1640 on profit taking activities due to recent rally. We reckon sell on rebound plan, support see at 1638 to 1636, if breaking below could see further lower, however the downside likely to be limited. Immediate support and resistance levels are identified at 1638 and 1641, 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