FKLI
FKLI Spot Month Futures - 14 Feb 2025
Fri, 14-Feb-2025 08:38 am
by Dealing Team • Apex Futures

FKLI
Pivot
1599
Resistance
1599 / 1604 / 1608
Support
1596 / 1592 / 1588
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1599 with targets at 1604/1608 and stop-loss at 1594
Short positions may be opened below 1599 with targets at 1596/1592 and stop-loss at 1604

FKLI Feb month dropped 1 point or 0.06% to closed slightly lower at 1599. The FBM KLCI fell back below the 1,600-point psychological level on Thursday close, reversing previous session gains, as cautious sentiment lingered in the broader market.

Overnight Dow Jones index rose 342 to closed higher at 44711. A global stock index reached an intraday record on Thursday, while U.S. Treasury yields tumbled as an inflation reading raised hopes that the Federal Reserve's preferred price measure may be softer than expected.

The actively traded FKLI contract faced resistance at the 1,604–1,605 range after a recent surge, forming a doji candle that signals a potential reversal. On the hourly chart, prices are consolidating sideways after the uptrend, with a rebound sell possible. Support is seen at 1,595–1,596; a break below could push prices toward 1,592, while holding this level may offer a buying opportunity with limited upside. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1596 and 1599, respectively.

(News Source: The Star; Reuters)

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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