FKLI
FKLI Spot Month Futures (PM) - 14 Feb 2025
Fri, 14-Feb-2025 02:22 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1595
Resistance
1595 / 1599 / 1603
Support
1592 / 1587 / 1584
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1595 with targets at 1599/1603 and stop-loss at 1590
Short positions may be opened below 1595 with targets at 1592/1587 and stop-loss at 1600

FKLI Feb month dropped 4.5 points or 0.28% to closed lower at 1594.5 on midday session. The FBM KLCI opened mostly flat on Friday as investors awaited the release of Malaysia's fourth-quarter 2024 economic data at noon.

The actively traded FKLI contract continues to consolidate sideways on the hourly chart after an uptrend, with a rebound sell still in play. New support is seen at 1,592–1,593; a break below could drive prices toward 1,587–1,588, while holding this level may present a buying opportunity with limited upside. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1592 and 1595 respectively.

(News Source: The Star)

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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