FKLI
FKLI Spot Month Futures (PM) - 4 Mar 2025
Tue, 04-Mar-2025 02:28 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1539
Resistance
1539 / 1543 / 1546
Support
1533 / 1527 / 1524
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1539 with targets at 1543/1546 and stop-loss at 1534
Short positions may be opened below 1539 with targets at 1533/1527 and stop-loss at 1544

FKLI Mar month dropped 15 points or 0.97% to closed lower at 1533.5 on midday session. The FBM KLI saw a sea of red on Tuesday, with over a thousand counters falling into negative territory as investors reacted to the impending implementation of U.S. tariffs on North America and China.

The actively traded FKLI contract continues to trade within a broader downward channel. During the morning session, it broke below the support line (triple bottom area) of the sideways consolidation at 1538 to 1540, which now acts as a resistance zone. We expect consolidation trading, with a sell-on-rebound strategy as the main plan. A break below the first session low of 1533 to 1532 could trigger further selling, potentially moving towards 1527 to 1525. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1533 and 1539 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