FKLI
FKLI Spot Month Futures (PM) - 3 Feb 2025
Mon, 03-Feb-2025 02:28 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1545
Resistance
1550 / 1554 / 1560
Support
1545 / 1540 / 1536
Possible Range
1540 to 1560
Strategy
Long positions may be opened above 1550 with targets at 1554/1560 and stop-loss at 1545
Short positions may be opened below 1550 with targets at 1545/1540 and stop-loss at 1555

FKLI Jan month dipped 12 points or 0.77% to closed lower at 1545 on midday session. The FBM KLCI is set for another volatile session as the U.S. announcement of tariffs on Mexico, Canada, and China over the weekend has ignited a trade war, rattling global equity markets.

The FKLI index broke below the 1550–1555 support, extending its downtrend and maintaining a bearish bias. On the hourly chart, a double bottom at 1536–1537 led to a recovery, with new support at 1540–1543. Holding above this level may allow technical buying, but a break could trigger selling back to the double bottom zone. Stay alert to sentiment changes. Immediate support and resistance levels are identified at 1545 and 1550 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