FKLI
FKLI Spot Month Futures (PM) - 14 Jan 2025
Tue, 14-Jan-2025 02:23 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1587
Resistance
1587 / 1592 / 1596
Support
1582 / 1577 / 1573
Possible Range
1580 to 1600
Strategy
Long positions may be opened above 1587 with targets at 1592/1596 and stop-loss at 1582
Short positions may be opened below 1587 with targets at 1582/1577 and stop-loss at 1592

FKLI Jan month dropped 17 point or 1.07% to closed lower at 1578 on midday session. The FBM KLCI bounced back from a six-month low to close higher at midday, but it stayed well below the key 1,600 psychological mark.

The FKLI in daily time frame broke down the support range, and recover back, we see the crucial support range at 1582 to 1580, which is bottom of sideway consolidation. We likely to see further upside on technical buying but with limited gain, breaking above 1586 to 1588 could provide buying opportunity. In bigger picture, sell on rebound plan remain the main strategy. Immediate support and resistance levels are identified at 1582 and 1587 respectively.

(News Source: The Star)

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