FKLI
FKLI Spot Month Futures - 17 Jan 2025
Fri, 17-Jan-2025 08:38 am
by Dealing Team • Apex Futures

FKLI
Pivot
1555
Resistance
1555 / 1560 / 1565
Support
1548 / 1543 / 1538
Possible Range
1540 to 1560
Strategy
Long positions may be opened above 1548 with targets at 1555/1560 and stop-loss at 1543
Short positions may be opened below 1548 with targets at 1543/1538 and stop-loss at 1553

FKLI Jan month dropped 2.5 points or 0.16% to closed lower at 1550.5. The FBM KLCI extended its losing streak to a fourth session on Thursday, with the benchmark FBM KLCI declining by 0.42%, in contrast to gains seen in other regional indices.

Overnight Dow Jones index dropped 68 to closed lower at 43153. U.S. stocks edged lower on Thursday, easing after a strong rally in the previous session, as investors evaluated the latest corporate earnings and economic data to assess the outlook for Federal Reserve rate cuts. A tame inflation report alleviated concerns about rising price pressures, while robust bank earnings had driven the three major U.S. indexes to their largest single-day percentage gains since November 6 in Wednesday's session.

The FKLI in daily time frame broke down another support 1551 to 1550 and trading further lower, we remain our plan for rebound sell highest rebound could see at 1555 to 1554 range. Next crucial support sees at 1538 to 1639. Beware of any sentiment changes.  Immediate support and resistance levels are identified at 1548 and 1555, 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