FKLI
FKLI Spot Month Futures - 7 Feb 2025
Fri, 07-Feb-2025 08:37 am
by Dealing Team • Apex Futures

FKLI
Pivot
1580
Resistance
1585 / 1589 / 1593
Support
1580 / 1576 / 1572
Possible Range
1570 to 1590
Strategy
Long positions may be opened above 1580 with targets at 1585/1589 and stop-loss at 1575
Short positions may be opened below 1580 with targets at 1576/1572 and stop-loss at 1585

FKLI Feb month rose 10 points or 0.64% to closed higher at 1583.5. The FBM KLCI index surged sharply on Thursday, driven by last-minute buying interest, marking its third consecutive session of gains and aligning with the positive momentum in regional markets.

Overnight Dow Jones index dropped 125 to closed lower at 44747. U.S. stocks ended a volatile session mixed on Thursday as investors weighed a wave of earnings, while easing fears of escalating tariff conflicts limited gold's streak of record highs.

The FKLI active contract on the daily chart has reached the major resistance range of 1583–1585 and pulled back, forming a double top. If the support at 1579–1580 fails to hold, further profit-taking may occur. However, if the support holds, buying could resume toward the major resistance. A breakout above this level could trigger strong buying momentum. Beware of any sentiment changes. Immediate support and resistance levels are identified at 1580 and 1585, respectively.

(News Source: The Star; 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