FKLI
FKLI Spot Month Futures - 13 Jan 2025
Mon, 13-Jan-2025 08:33 am
by Dealing Team • Apex Futures

FKLI
Pivot
1597
Resistance
1600 / 1604 / 1608
Support
1594 / 1589 / 1584
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1597 with targets at 1600/1604 and stop-loss at 1592
Short positions may be opened below 1597 with targets at 1594/1589 and stop-loss at 1602

FKLI Jan month dropped 4.5 points or 0.28% to closed lower at 1595. The FBM KLCI defied the downward trend in regional stock markets, staying in positive territory as bargain-hunting activities emerged after recent declines.

Overnight Dow Jones index dropped 696 to closed lower at 41938. U.S. stocks tumbled on Friday, with the S&P 500 wiping out its 2025 gains, as a strong jobs report reignited inflation concerns and reinforced expectations that the Federal Reserve would remain cautious about cutting interest rates this year. Wall Street's major indexes ended their second consecutive week in negative territory.

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, crucial resistant spot at 1600 range, coming session could remain trading below the resistant. Immediate support spot at 1593 to 1593, breaking below could see further downside. Immediate support and resistance levels are identified at 1594 and 1600, 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