FKLI
FKLI Spot Month Futures - 26 Feb 2025
Wed, 26-Feb-2025 08:27 am
by Dealing Team • Apex Futures

FKLI
Pivot
1573
Resistance
1573 / 1577 / 1581
Support
1568 / 1563 / 1558
Possible Range
1560 to 1580
Strategy
Long positions may be opened above 1573 with targets at 1577/1581 and stop-loss at 1568
Short positions may be opened below 1573 with targets at 1568/1563 and stop-loss at 1578

FKLI Feb month dropped 12.5 points or 0.79% to closed lower at 1570.5. The FBM KLCI closed lower after a lackluster trading session on Monday, mirroring the weak performance across most regional markets.

Overnight Dow Jones index rose 159 points to closed higher at 43621. The Dow rose on Tuesday, while the other two major Wall Street indexes extended their losing streak to a fourth session, as Treasury yields and the dollar fell amid signs of slowing U.S. growth and uncertainty over Trump administration policies. Meanwhile, Germany's election results boosted the euro, lifting European shares to a higher close. 

The actively traded FKLI contract continues to trend within a downward channel on the daily timeframe. We maintain a strategy of selling on rebounds, with the next support level at 1563–1561. A break below this range could extend declines toward 1558–1555, where the price may find support. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1568 and 1573, 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