FKLI
FKLI Spot Month Futures (PM) - 13 Mar 2025
Thu, 13-Mar-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1481
Resistance
1489 / 1495 / 1502
Support
1481 / 1476 / 1471
Possible Range
1480 to 1500
Strategy
Long positions may be opened above 1485 with targets at 1489/1495 and stop-loss at 1480
Short positions may be opened below 1485 with targets at 1481/1476 and stop-loss at 1490

FKLI Mar month rose 11.5 points or 0.78% to closed higher at 1487 on midday session. Malaysia's benchmark stock index climbed 1.5% in early trading as investors seized buying opportunities following lower-than-expected U.S. inflation data. The FBM KLCI rebounded 22.19 points to 1,507.02, recovering nearly two-thirds of the previous session’s losses and mirroring Wall Street’s stronger close overnight.

The actively traded FKLI contract is facing resistance at the 1,492–1,491 range. The latest price action shows a higher low formation, suggesting a potential continuation of upward momentum, though with limited upside. Key support is observed at 1,480–1,481; if this level holds, buying interest may persist within a constrained range. However, a breakdown below this support could lead to further selling pressure. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1481 and 1489 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.949404 3.981238
EUR 4.633763 4.638745
CNY 0.579561 0.580180
HKD 0.504449 0.508017
SGD 3.094283 3.116286