FKLI
FKLI Spot Month Futures (PM) - 10 Feb 2025
Mon, 10-Feb-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1585
Resistance
1589 / 1593 / 1596
Support
1585 / 1580 / 1576
Possible Range
1575 to 1595
Strategy
Long positions may be opened above 1585 with targets at 1589/1593 and stop-loss at 1580
Short positions may be opened below 1585 with targets at 1580/1576 and stop-loss at 1590

FKLI Feb month rose 1 point or 0.06% to closed slightly higher at 1587.5 on midday session. The FBM KLCI trimmed earlier losses as global equities rebounded from the shock of a new tariff announcement by US President Donald Trump, proposing higher import taxes on steel and aluminum along with reciprocal taxes on trading partners.

The FKLI active contract on the daily chart appears to be supported above the resistance line of the sideways consolidation at 1585–1586. A buy-on-retracement strategy could be considered, with resistance observed at 1588–1589. A breakout above this level could trigger strong buying momentum, potentially pushing the price toward the 1595–1600 range. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1585 and 1589 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