FKLI
FKLI Spot Month Futures (PM) - 23 Jan 2025
Thu, 23-Jan-2025 02:22 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1572
Resistance
1572 / 1577 / 1582
Support
1568 / 1563 / 1559
Possible Range
1560 to 1580
Strategy
Long positions may be opened above 1572 with targets at 1577/1582 and stop-loss at 1567
Short positions may be opened below 1572 with targets at 1568/1563 and stop-loss at 1577

FKLI Jan month dropped 13.5 points or 0.85% to closed lower at 1568 on midday session. The FBM KLCI struggled to maintain its rally despite a broader regional boost in sentiment following China's announcement of new measures to support its stock market.

The FKLI resistant below 1582 to 1581 range, which is bottom of a wide range sideway consolidation and trading further lower, broke below another support line at 1572 to 1571, we see rebound sell to continue toward lowest support likely to see at 1563 to 1562, if supported at the lowest support range, there is potential of buying opportunity, otherwise, selling may continue. Beware of any sentiment change. Immediate support and resistance levels are identified at 1568 and 1572 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