FKLI
FKLI Spot Month Futures (PM) - 24 Jan 2025
Fri, 24-Jan-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1564
Resistance
1564 / 1569 / 1573
Support
1559 / 1556 / 1551
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1564 with targets at 1569/1573 and stop-loss at 1559
Short positions may be opened below 1564 with targets at 1559/1556 and stop-loss at 1569

FKLI Jan month dropped 10 points or 0.64% to closed lower at 1561 on midday session. The FBM KLCI trimmed its losses heading into the lunch break, as profit-taking eased amidst improving regional sentiment.

The FKLI in daily time frame resisted at 1578 to 1579 and triggered selling form the area, the index reaches intraday low at 1555.5 and recover back, we remain to see rebound sell opportunity as main plan, with resistant to see at 1564 to 1565, if market recover back to the area, we might see the selling pressure coming again. Beware of any sentiment change. Beware of any sentiment change. Immediate support and resistance levels are identified at 1559 and 1564 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