FKLI
FKLI Spot Month Futures (PM) - 3 Mar 2025
Mon, 03-Mar-2025 02:28 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1554
Resistance
1559 / 1563 / 1567
Support
1554 / 1549 / 1544
Possible Range
1550 to 1570
Strategy
Long positions may be opened above 1554 with targets at 1559/1563 and stop-loss at 1549
Short positions may be opened below 1554 with targets at 1549/1544 and stop-loss at 1559

FKLI Mar month rose 13.5 points or 0.88% to closed higher at 1555.5 on midday session. The FBM KLCI trimmed its earlier gains by midday, slipping a marginal 0.06% as investors remained cautious amid persistent foreign selling.

 

The actively traded FKLI contract remains within a broader downward channel, forming a triple bottom around the 1,538–1,540 area. This support range appears to be holding, suggesting potential consolidation with some technical buying. New support is seen at 1,549–1,550, while resistance is at today's high. A breakout above may lead to limited gains, with an upside target of 1,560–1,562. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1554 and 1559 respectively.

(News Source: The Star)

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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