FKLI
FKLI Spot Month Futures - 14 Jan 2025
Tue, 14-Jan-2025 08:33 am
by Dealing Team • Apex Futures

FKLI
Pivot
1583
Resistance
1583 / 1587 / 1591
Support
1578 / 1574 / 1570
Possible Range
1577 to 1597
Strategy
Long positions may be opened above 1583 with targets at 1587/1591 and stop-loss at 1578
Short positions may be opened below 1583 with targets at 1578/1574 and stop-loss at 1588

FKLI Jan month sinks 13.5 points or 0.85% to closed lower at 1581.5. The FBM KLCI experienced broad-based declines on Monday, with more than 900 stocks closing lower, highlighting the persistent weak sentiment in the market.

Overnight Dow Jones index rose 358 to closed higher at 42297. Stock indexes mostly dipped on Monday, with the Nasdaq falling and the S&P 500 edging up from a two-month low. U.S. 10-year Treasury yields hit 14-month highs, and the dollar index reached a two-year peak as resilient economic data and inflation raised doubts about a Federal Reserve pause.

The FKLI in daily time frame broke down the support range, bottom of sideway at 1582 to 1583, now serve as major resistant range. If breaking above the resistant range, we might see further technical buying toward 1586 to 1585, upside likely to be limited as major picture still on bearish side. Immediate support and resistance levels are identified at 1578 and 1583, 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