FKLI
FKLI Spot Month Futures (PM) - 18 Feb 2025
Tue, 18-Feb-2025 02:21 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1584
Resistance
1587 / 1592 / 1597
Support
1582 / 1578 / 1574
Possible Range
1575 to 1595
Strategy
Long positions may be opened above 1582 with targets at 1587/1592 and stop-loss at 1577
Short positions may be opened below 1582 with targets at 1578/1574 and stop-loss at 1587

FKLI Feb month dropped 2.5 points or 0.16% to closed lower at 1583.5 on midday session. The FBM KLCI trimmed losses but remained slightly in negative territory at the lunch break, despite a regional rally driven by improved sentiment in China.

We maintain our view that the index has entered a sideways consolidation phase, with the upper boundary at 1580–1585 now acting as a key support level for further upside. If this support holds, the index could trend higher, breaking above 1590 and potentially retesting the 1600 level. However, if the support fails, a further pullback toward 1577–1575 is likely. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1582 and 1587 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.400379 4.430934
EUR 4.814360 4.819033
CNY 0.609971 0.610580
HKD 0.566392 0.570331
SGD 3.304308 3.327507