FKLI
FKLI Spot Month Futures - 13 Feb 2025
Thu, 13-Feb-2025 08:35 am
by Dealing Team • Apex Futures

FKLI
Pivot
1596
Resistance
1601 / 1605 / 1609
Support
1596 / 1592 / 1588
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1596 with targets at 1601/1605 and stop-loss at 1591
Short positions may be opened below 1596 with targets at 1592/1588 and stop-loss at 1601

FKLI Feb month rose 9 points or 0.57% to closed higher at 1600. The FBM KLCI closed higher today, surpassing the 1,600 psychological level, driven by steady buying interest in blue-chip stocks.

Overnight Dow Jones index dropped 225 to closed lower at 44368. Wall Street stocks mostly declined on Wednesday after U.S. inflation data came in higher than expected, while the euro strengthened amid signs of potential progress in Russia-Ukraine peace talks. Major U.S. indices opened sharply lower as January's consumer price index revealed rising inflation, raising concerns about whether the Federal Reserve's efforts to curb price increases might be losing momentum. 

The actively traded FKLI contract continued to trend higher, holding support above 1,592–1,593. We maintain our buy-on-retracement strategy, with resistance seen at 1,604–1,605. A breakout above this level could trigger stronger buying momentum, while failure to break may lead to technical selling pressure. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1596 and 1601, respectively.

(News Source: The Star, Yahoo)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.373934 4.410372
EUR 5.042813 5.050176
CNY 0.599605 0.600475
HKD 0.564059 0.568245
SGD 3.346566 3.371656