FKLI
FKLI Spot Month Futures (PM) - 27 Jan 2025
Mon, 27-Jan-2025 01:31 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1561
Resistance
1565 / 1569 / 1573
Support
1561 / 1556 / 1551
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1565 with targets at 1569/1573 and stop-loss at 1560
Short positions may be opened below 1565 with targets at 1561/1556 and stop-loss at 1570

FKLI Jan month rose 2 points or 0.13% to closed slightly higher at 1561.5 on midday session. The FBM KLCI extended its losses heading into the lunch break, weighed down by YTL-related counters pulling the index lower.

The FKLI in daily time frame resisted at 1565 to 1564 and remain sideway consolidation trading on the morning session in hourly chart, support/bottom see at 1556 to 1554.  We remain our view that 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 1561 and 1565 respectively.

(News Source: The Star)

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