FKLI
FKLI Spot Month Futures - 17 Feb 2025
Mon, 17-Feb-2025 08:42 am
by Dealing Team • Apex Futures

FKLI
Pivot
1594
Resistance
1594 / 1598 / 1603
Support
1590 / 1590 / 1585
Possible Range
1585 to 1605
Strategy
Long positions may be opened above 1594 with targets at 1598/1603 and stop-loss at 1589
Short positions may be opened below 1594 with targets at 1590/1585 and stop-loss at 1599

FKLI Feb month dropped 6.5 point or 0.41% to closed lower at 1592.5. The FBM KLCI closed flat as mixed sentiment influenced buying patterns following Bank Negara's release of the fourth-quarter (4Q24) GDP data on Friday. Malaysia's economy expanded by 5% in 4Q24, surpassing both market expectations and the official advance estimate of 4.8%.

Overnight Dow Jones index dropped 165 to closed lower at 44546. Wall Street stocks closed mixed on Friday, with Nvidia rising while Microsoft edged lower. Meanwhile, Treasury yields declined, a day after former U.S. President Donald Trump announced reciprocal tariff plans but refrained from imposing new ones.

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, price remain consolidating sideways after the uptrend, with a rebound sell remain intact. Support is seen at 1,589 to 1588; a break below could push prices toward 1,585, 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 1590 and 1594, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.352538 4.386792
EUR 5.042978 5.047979
CNY 0.599099 0.599744
HKD 0.561079 0.565009
SGD 3.342280 3.365777