FKLI
FKLI Spot Month Futures (PM) - 16 Jan 2025
Thu, 16-Jan-2025 02:17 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1558
Resistance
1558 / 1563 / 1569
Support
1553 / 1547 / 1542
Possible Range
1545 to 1565
Strategy
Long positions may be opened above 1553 with targets at 1558/1563 and stop-loss at 1548
Short positions may be opened below 1553 with targets at 1547/1542 and stop-loss at 1558

FKLI Jan month dropped 0.5 point or 0.03% to closed slightly lower at 1553.5 on midday session. The rebound in the domestic market was short-lived as gains in equity prices faded due to continued selling pressure from foreign funds.

The FKLI in daily time frame broke down another support at 1558 to 1560, now serve as resistant line, we maintain our view that rebound sell as main plan. New support sees at 1553 to 1551, if breaking below we might further lower toward 1542 to 1543. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1553 and 1558 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