FKLI
FKLI Spot Month Futures (PM) - 20 Feb 2025
Thu, 20-Feb-2025 02:22 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1576
Resistance
1576 / 1579 / 1583
Support
1572 / 1568 / 1563
Possible Range
1565 to 1585
Strategy
Long positions may be opened above 1572 with targets at 1576/1579 and stop-loss at 1567
Short positions may be opened below 1572 with targets at 1568/1563 and stop-loss at 1577

FKLI Feb month dropped 11 points or 0.69% to closed lower at 1572.5 on midday session. The FBM KLCI extended its losses by midday, declining further as broad-based selling pressure weighed on the market, while investor sentiment remained cautious amid uncertainty over U.S. tariff measures.

The actively traded FKLI contract continued to decline after breaking below the key support level of 1577 to 1575. We maintain our sell-on-rebound strategy, with the next support at 1572 to 1571. If this level fails to hold, prices could move lower toward the 1563 to 1564 range. While the crucial resistant spot at 1585 to 1583 range.  Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1572 and 1576 respectively.

(News Source: The Star)

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