FKLI
FKLI Spot Month Futures (PM) - 7 Mar 2025
Fri, 07-Mar-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1523
Resistance
1523 / 1527 / 1531
Support
1519 / 1515 / 1510
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1519 with targets at 1523/1527 and stop-loss at 1514
Short positions may be opened below 1519 with targets at 1515/1510 and stop-loss at 1524

FKLI Mar month dropped 11 points or 0.72% to closed lower at 1519.5 on midday session. The sell-off on Bursa Malaysia extended into midday as concerns over a potential trade war dampened investor sentiment and reduced appetite for equities.

The actively traded FKLI contract closed lower yesterday, wiping out gains from March 5 and reinforcing its downward bias, with a sell-on-rebound strategy remaining in focus. The price continued to decline, breaking below the immediate support at 1525 to 1524. The new support is now seen at 1519 to 1518. The sell-on-rebound approach remains valid, with the potential for the index to reach the 1510 to 1509 range if it completes the bottom of the downward channel. However, if the 1519 to 1518 support holds, there is a possibility of buying interest emerging. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1519 and 1523 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
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EUR 5.005959 5.023744
CNY 0.602745 0.604678
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