FKLI
FKLI Spot Month Futures - 6 Mar 2025
Thu, 06-Mar-2025 08:35 am
by Dealing Team • Apex Futures

FKLI
Pivot
1536
Resistance
1538 / 1543 / 1548
Support
1532 / 1527 / 1522
Possible Range
1530 to 1550
Strategy
Long positions may be opened above 1535 with targets at 1538/1543 and stop-loss at 1530
Short positions may be opened below 1535 with targets at 1532/1527 and stop-loss at 1540

FKLI Mar month rose 5.5 points or 0.36% to closed higher at 1537.5. Bargain hunting lifted Bursa Malaysia after four consecutive days of losses, as investors seized buying opportunities, in line with regional market trends.

Overnight Dow Jones index rose 485 points to closed higher at 43006. Wall Street's major indexes closed higher in volatile trading on Wednesday, as investors welcomed signs of easing trade tensions between the U.S. and key trading partners.

The actively traded FKLI recovered some losses in yesterday’s session following recent selling pressure. By the close, the chart formed a bullish spinning top candle at a crucial support zone around 1,538–1,540, signaling a potential reversal to the upside. We will continue to monitor this support area closely. If the price stabilizes above this level and breaks through 1,542–1,543, further upside movement toward the 1,550–1,551 region is possible. However, if the 1,538–1,540 support fails to hold, selling pressure may resume. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1532 and 1538, 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