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

FKLI
Pivot
1581
Resistance
1584 / 1589 / 1594
Support
1579 / 1576 / 1571
Possible Range
1570 to 1590
Strategy
Long positions may be opened above 1584 with targets at 1589/1594 and stop-loss at 1579
Short positions may be opened below 1584 with targets at 1579/1576 and stop-loss at 1589

FKLI Feb month rose 6 points or 0.38% to closed higher at 1584 on midday session. The recovery on the FBM KLCI gained momentum on Friday, driven by robust gains in PETRONAS Dagangan, which helped push the market higher.

The actively traded FKLI contract is gaining upward momentum after finding support in the 1570–1572 range. However, on the daily chart, the broader trend remains downward, with a key resistance level at 1590–1591. On the hourly chart, the index is moving higher on technical buying while still trading within a downward channel. If the immediate resistance at 1585–1586 holds firmly, the price could potentially reach the 1590 range. Otherwise, failure to break above 1585–1586 may trigger selling pressure, leading to a reversal. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1579 and 1584 respectively.

(News Source: The Star)

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Market Mover
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