FKLI
FKLI Spot Month Futures - 21 Jan 2025
Tue, 21-Jan-2025 08:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1563
Resistance
1563 / 1568 / 1572
Support
1558 / 1554 / 1550
Possible Range
1555 to 1575
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 1558/1554 and stop-loss at 1568

FKLI Jan month dropped 4.5 points or 0.29% to closed lower at 1562.5. The FBM KLCI ended higher on Monday, driven by sustained buying in index-linked stocks, particularly Tenaga Nasional and PETRONAS Gas, supported by positive performance in regional markets.

Overnight Dow Jones index rose 334 to closed higher at 43487. US stock futures rose on Monday evening after President Donald Trump was sworn in for his second term, pledging a new "golden age" for the U.S. and signing several executive orders. Investors reacted positively, particularly to the absence of new tariffs in the initial orders. The cash market, which was closed yesterday for a holiday, will resume trading today.

The FKLI in daily time frame resisted below 1563 to 1564 and hovering at the bottom of downward channel, in short term we remain to see opportunity for buying if breaking above the resistant range again, otherwise selling pressure may coming in but likely supported above at 1558 to 1556. Immediate support and resistance levels are identified at 1558 and 1563, 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