FKLI
FKLI Spot Month Futures - 10 Jan 2025
Fri, 10-Jan-2025 08:31 am
by Dealing Team • Apex Futures

FKLI
Pivot
1603
Resistance
1603 / 1608 / 1613
Support
1597 / 1592 / 1587
Possible Range
1598 to 1618
Strategy
Long positions may be opened above 1603 with targets at 1608/1613 and stop-loss at 1598
Short positions may be opened below 1603 with targets at 1597/1592 and stop-loss at 1608

FKLI Jan month dropped 13.5 points or 0.84% to closed lower at 1599.5. Selling persisted on Bursa Malaysia on Thursday session, driven by a global bond sell-off that has dampened investor interest in equities.

Overnight Dow Jones cash market closed on Thursday, the market resume trading on Friday.  U.S. stock futures declined on Thursday night as investors nervously anticipated the release of new economic data on Friday.

The FKLI in daily time frame remain trading within a wide range of sideway consolidation, currently trading below the crucial range 1616 to 1618, which is the middle of the wide sideway range. The main strategy remain sell on rebound however the market likely to recover on technical buying with limited gain. Breaking above 1603 to 1604 could see further higher, toward next higher range at 1608 to 1609, beware potential selling to coming in. Immediate support and resistance levels are identified at 1597 and 1603, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.952219 3.979032
EUR 4.632284 4.636049
CNY 0.579684 0.580150
HKD 0.504395 0.507834
SGD 3.092296 3.113419