FKLI
FKLI Spot Month Futures - 24 Jan 2025
Fri, 24-Jan-2025 08:22 am
by Dealing Team • Apex Futures

FKLI
Pivot
1572
Resistance
1577 / 1582 / 1586
Support
1572 / 1568 / 1563
Possible Range
1565 to 1585
Strategy
Long positions may be opened above 1577 with targets at 1582/1586 and stop-loss at 1575
Short positions may be opened below 1577 with targets at 1572/1568 and stop-loss at 1582

FKLI Jan month dropped 10.5 points or 0.66% to closed lower at 1571. The FBM KLCI retreated on Thursday following four straight sessions of gains, as profit-taking activities drove selling pressure across the market.

Overnight Dow Jones index rose 408 to closed higher at 44565. The benchmark S&P 500 reached a record closing high on Thursday, as investors weighed mixed corporate earnings and reacted to remarks from President Donald Trump, including his call for lower interest rates and oil prices. 

The FKLI in daily time frame supported above 1572 to 1571 after a correction to reach low at 1565.5. We likely to see further technical buying toward resistant at 1577 to 1578 range, if breaking above, the index could move further higher, if fail to break above, there might be selling pressure coming in. Major resistant see at 1582 to 1583. Beware of any sentiment change. Immediate support and resistance levels are identified at 1572 and 1577, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
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EUR 4.632284 4.636049
CNY 0.579684 0.580150
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