FKLI
FKLI Spot Month Futures - 21 Feb 2025
Fri, 21-Feb-2025 08:29 am
by Dealing Team • Apex Futures

FKLI
Pivot
1577
Resistance
1575 / 1579 / 1583
Support
1570 / 1566 / 1562
Possible Range
1560 to 1580
Strategy
Long positions may be opened above 1570 with targets at 1575/1579 and stop-loss at 1565
Short positions may be opened below 1570 with targets at 1566/1562 and stop-loss at 1575

FKLI Feb month dropped 5.5 point or 0.35% to closed lower at 1578. The FBM KLCI trimmed some losses but remained under selling pressure, mirroring the weaker sentiment across most regional markets. 

Overnight Dow Jones index dropped 450 points to closed lower at 44176. U.S. stocks declined on Thursday as persistent tariff concerns and a disappointing forecast from Walmart weighed on investor sentiment. A broad selloff pushed all three major stock indexes into negative territory, with the Dow Jones Industrial Average taking the biggest hit, falling 1.01%. Meanwhile, the S&P 500 ended its two-day streak of record closing highs.

The actively traded FKLI contract continues to trade within a broader downward channel, maintaining bearish momentum after the index fail to break above 1604 – 1605 range. On the hourly chart, the price has broken below the upper boundary of the previous sideways consolidation and failed to hold above the 1582 level, confirming a downtrend. The primary strategy remains selling on rebounds. Currently, the price is finding support in the 1570–1572 range. A break below this level could lead to a further decline toward the crucial support zone at 1563–1562, which has been key to the uptrend since early February. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1570 and 1575, 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