FKLI
FKLI Spot Month Futures - 10 Mar 2025
Mon, 10-Mar-2025 08:41 am
by Dealing Team • Apex Futures

FKLI
Pivot
1521
Resistance
1521 / 1525 / 1531
Support
1515 / 1509 / 1505
Possible Range
1505 to 1525
Strategy
Long positions may be opened above 1521 with targets at 1525/1531 and stop-loss at 1516
Short positions may be opened below 1521 with targets at 1515/1509 and stop-loss at 1526

FKLI Mar month dropped 13 points or 0.85% to closed lower at 1517.5. The FBM KLCI ended the week on a cautious note, extending its downtrend in line with weaker regional market sentiment.

Overnight Dow Jones index rose 222 points to closed higher at 42801. U.S. stocks closed higher on Friday, recovering from early losses after Federal Reserve Chair Jerome Powell stated that the economy was "in a good place." However, his comments on maintaining a cautious approach to rate cuts and concerns over President Donald Trump’s trade policies contributed to Wall Street’s steepest weekly decline in months. Market sentiment remained volatile throughout the week amid uncertainty surrounding Trump’s tariff decisions on imports from Canada, Mexico, and China. 

The actively traded FKLI contract continued to decline in the previous session, maintaining its broader downtrend within a descending channel and currently trading near the lower boundary. We maintain a sell-on-rebound strategy, with the index likely heading toward the crucial support zone at 1,505–1,507. A breakdown below this level could lead to further downside. However, if support holds, buying interest may emerge. The key resistance area is spotted at 1,621–1,622. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1515 and 1521, 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