FKLI
FKLI Spot Month Futures (PM) - 6 Mar 2025
Thu, 06-Mar-2025 02:29 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1537
Resistance
1540 / 1545 / 1550
Support
1532 / 1527 / 1522
Possible Range
1530 to 1550
Strategy
Long positions may be opened above 1537 with targets at 1540/1545 and stop-loss at 1532
Short positions may be opened below 1537 with targets at 1532/1527 and stop-loss at 1542

FKLI Mar month dropped 2 points or 0.13% to closed lower at 1535.5 on midday session. Early gains in the FBM KLCI were wiped out as selling pressure in financial heavyweights intensified, with investors remaining cautious about the potential impact of trade tariffs on the global economy.

 

The actively traded FKLI rebounded in yesterday’s session, recovering some losses after recent selling pressure. By the close, the chart formed a bullish spinning top candle at a key 1,538–1,540 support zone, indicating a potential upside reversal. The latest chart highlights a new support area at 1,532–1,531 (double bottom in hourly time frame). If this range holds, buying momentum could continue. However, a break below this level may shift sentiment toward selling pressure. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1532 and 1540 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