FKLI
FKLI Spot Month Futures (PM) - 4 Feb 2025
Tue, 04-Feb-2025 02:16 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1554
Resistance
1560 / 1565 / 1569
Support
1554 / 1549 / 1544
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1560 with targets at 1565/1569 and stop-loss at 1555
Short positions may be opened below 1560 with targets at 1554/1549 and stop-loss at 1565

FKLI Jan month rose 3.5 points or 0.23% to closed higher at 1557 on midday session. The FBM KLCI rebounded as equity markets steadied after U.S. President Donald Trump paused proposed tariffs on Mexico and Canada. However, caution persists over the potential for a trade war with the U.S. and its key trading partners.

The FKLI active contract is trading above the support line of the downward channel at 1553–1555 on the daily chart, indicating some support for the index. There is potential for further upside toward the immediate resistance at 1560–1561, which aligns with the middle of the sideways range on the hourly chart. A breakout above this resistance could signal further gains, while failure to break it may lead to selling pressure within the range. Immediate support and resistance levels are identified at 1554 and 1560 respectively.

(News Source: The Star)

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