FKLI
FKLI Spot Month Futures (PM) - 17 Feb 2025
Mon, 17-Feb-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1589
Resistance
1589 / 1594 / 1599
Support
1585 / 1581 / 1577
Possible Range
1575 to 1595
Strategy
Long positions may be opened above 1589 with targets at 1594/1599 and stop-loss at 1584
Short positions may be opened below 1589 with targets at 1585/1581 and stop-loss at 1594

FKLI Feb month dropped 7 points or 0.44% to closed lower at 1585.5 on midday session. The FBM KLCI closed the morning session lower at 1,584.13, down 7.47 points or 0.47%, as market sentiment softened despite a generally positive performance in Asian markets. Selling pressure weighed on Malaysian stocks, with YTL Corp and YTL Power leading the declines.

The actively traded FKLI contract continues to consolidate sideways on the hourly chart after its recent uptrend, with a short-term rebound sell still in play. New support is observed at 1,585-1,586; a break below this level could lead to further downside toward 1,577-1,579, where buying opportunities are likely to emerge. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1585 and 1589 respectively.

(News Source: Business Today)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.952219 3.979032
EUR 4.632284 4.636049
CNY 0.579684 0.580150
HKD 0.504395 0.507834
SGD 3.092296 3.113419