FKLI
FKLI Spot Month Futures - 27 Jan 2025
Mon, 27-Jan-2025 08:30 am
by Dealing Team • Apex Futures

FKLI
Pivot
1564
Resistance
1564 / 1569 / 1573
Support
1559 / 1554 / 1550
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1559 with targets at 1564/1569 and stop-loss at 1554
Short positions may be opened below 1559 with targets at 1554/1550 and stop-loss at 1564

FKLI Jan month dropped 11.5 points or 0.73% to closed lower at 1559.5. The FBM KLCI closed lower on Friday as profit-taking activities continued for the second straight day, with investors adjusting their positions ahead of next week’s shortened trading schedule.

Overnight Dow Jones index dropped 140 to closed lower at 44424. Wall Street's major indexes ended lower on Friday as investors paused to assess a mix of economic data and earnings reports, while gearing up for a week packed with economic releases and a Federal Reserve meeting.

The FKLI in daily time frame resisted below 1570 to 1568 and trading further lower. We see the index hovering within the sideway range in short term time frame, top see at 1565 to 1564, while bottom at 1558 to 1559, breaking either side could move toward the direction, rebound sell remain the main strategy, crucial support see at 1550 to 1551 to maintain the minor uptrend build since the 17 Jan. Immediate support and resistance levels are identified at 1559 and 1564, respectively.

(News Source: Bernama, 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