FKLI
FKLI Spot Month Futures (PM) - 28 Feb 2025
Fri, 28-Feb-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1559
Resistance
1559 / 1563 / 1567
Support
1554 / 1550 / 1546
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1559 with targets at 1563/1567 and stop-loss at 1554
Short positions may be opened below 1559 with targets at 1554/1550 and stop-loss at 1564

FKLI Mar month dropped 8.5 points or 0.54% to closed lower at 1555.5 on midday session. The FBM KLCI stayed in the red at midday, pressured by broad-based selling and tracking the overnight downturn in global markets.

 

The actively traded FKLI March contract failed to hold above the 1,560–1,563 range and is trending lower. A rebound could present a selling opportunity, with the next support seen at 1,551–1,549. On a broader timeframe, the index remains within a downward channel consolidation, with resistance spotted around the 1,559–1,560 range. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1554 and 1559 respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.393408 4.428928
EUR 5.005959 5.023744
CNY 0.602745 0.604678
HKD 0.565674 0.570807
SGD 3.346150 3.376734