FKLI
FKLI Spot Month Futures - 3 Mar 2025
Mon, 03-Mar-2025 08:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1549
Resistance
1545 / 1549 / 1554
Support
1538 / 1533 / 1528
Possible Range
1535 to 1555
Strategy
Long positions may be opened above 1549 with targets at 1554/1560 and stop-loss at 1544
Short positions may be opened below 1549 with targets at 1545/1538 and stop-loss at 1554

FKLI Mar month dropped 22 points or 1.41% to closed lower at 1542. Last-minute selling pressure pulled the local bourse lower on Friday, with over 800 stocks ending in the red, reflecting the broader regional downtrend. 

Overnight Dow Jones index rose 601 points to closed higher at 43840. Wall Street closed higher on Friday after a volatile session, with Dell Technologies slipping while other tech stocks advanced, following a disastrous meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy. 

The actively traded FKLI contract remains within a broader downward channel, forming a triple bottom around the 1538–1540 area. If this range holds, a potential technical buying opportunity may emerge. A rebound could test immediate resistance at 1549–1550, and a breakout above this level may trigger further buying momentum. However, if the price faces resistance and fails to break through, selling pressure could persist. Should the crucial triple-bottom support fail, the index may decline further toward the 1517–1520 range, marking another key support level within the downward channel. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1538 and 1545, respectively.

(News Source: The Star; Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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