FKLI
FKLI Spot Month Futures - 14 Mar 2025
Fri, 14-Mar-2025 08:25 am
by Dealing Team • Apex Futures

FKLI
Pivot
1492
Resistance
1500 / 1506 / 1512
Support
1492 / 1486 / 1480
Possible Range
1485 to 1505
Strategy
Long positions may be opened above 1492 with targets at 1500/1506 and stop-loss at 1487
Short positions may be opened below 1492 with targets at 1486/1480 and stop-loss at 1497

FKLI Mar month rose 29 points or 1.97% to closed higher at 1504.5. The FBM KLCI rebounded on Thursday, snapping a five-session losing streak that erased nearly 80 points. 

Overnight Dow Jones index dropped 537 points to closed lower at 40813. U.S. stocks edged higher on Wednesday as cooler-than-expected inflation data helped ease a sharp selloff. However, gains were limited by escalating concerns over President Donald Trump's turbulent, multi-front tariff war. The S&P 500 and Nasdaq ended in positive territory, with the Nasdaq receiving a strong boost from tech and momentum stocks.

The actively traded FKLI contract recovered in the previous session and remains within a broad sideways range. However, it is trading above the mid-range level of 1479–1482, indicating support against further declines in the broader outlook. The recovery faces strong resistance at 1507–1506, the previous low recorded on August 6, suggesting the index may continue consolidating below this level. In today’s session, selling pressure could resurface, with immediate support at 1492–1491. Holding above this range may present buying opportunities, while failure to hold could drive prices lower toward 1486–1487. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1492 and 1500, respectively.

(News Source: The Star; Reuters)

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Market Mover
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