FKLI
FKLI Spot Month Futures (PM) - 12 Feb 2025
Wed, 12-Feb-2025 02:30 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1595
Resistance
1601 / 1605 / 1610
Support
1595 / 1591 / 1587
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1595 with targets at 1601/1605 and stop-loss at 1590
Short positions may be opened below 1595 with targets at 1591/1587 and stop-loss at 1600

FKLI Feb month rose 8 point or 0.50% to closed higher at 1599 on midday session. The FBM KLCI extended its morning gains, approaching the key psychological level of 1,600. 

The actively traded FKLI contract remains supported above 1,592–1,593 and continues to trend higher. The buy-on-retracement strategy remains intact, with new resistance at 1,604–1,605. A breakout above this level could push prices toward 1,610, while failure to break may trigger a technical correction. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1595 and 1601 respectively.

(News Source: The Star)

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