FKLI
FKLI Spot Month Futures (PM) - 15 Jan 2025
Wed, 15-Jan-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1563
Resistance
1563 / 1568 / 1572
Support
1554 / 1548 / 1543
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1563 with targets at 1568/1572 and stop-loss at 1558
Short positions may be opened below 1563 with targets at 1554/1548 and stop-loss at 1568

FKLI Jan month dropped 21.5 point or 1.36% to closed lower at 1554.5 on midday session. The FBM KLCI faced another sharp decline, with over 900 stocks slipping into the red as equity investment conditions continued to deteriorate.

The FKLI in daily time frame broke down the crucial support at 1563 to 1562, now serve as resistant line, we continue to see rebound sell as main plan. New major support sees at 1543 to 1545, if breaking below we might further lower. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1554 and 1563 respectively.

(News Source: The Star)

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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