FKLI
FKLI Spot Month Futures - 19 Mar 2025
Wed, 19-Mar-2025 08:40 am
by Dealing Team • Apex Futures

FKLI
Pivot
1519
Resistance
1525 / 1531 / 1537
Support
1519 / 1514 / 1509
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1514 with targets at 1519/1525 and stop-loss at 1509
Short positions may be opened below 1514 with targets at 1509/1504 and stop-loss at 1519

FKLI Mar month rose 12.5 points or 0.83% to closed higher at 1520. Bursa Malaysia's main index closed on Monday with a strong rebound, mirroring regional markets, as investors shifted their focus to China's latest economic stimulus plans.

Overnight Dow Jones index dropped 260 points to closed lower at 41581. Wall Street closed sharply lower on Tuesday, while gold soared to record highs as the U.S. Federal Reserve began its two-day monetary policy meeting amid growing economic uncertainty.

The actively traded FKI contract continued its upward trend from the previous session, with a strong recovery since March 13 forming a bullish engulfing candle on the daily chart, signaling support against further declines. The strategy remains to buy on retracements. Support is seen in the 1514-1512 range for the minor uptrend on the hourly chart—holding above this level could present a buying opportunity toward 1525-1526. However, failure to hold may trigger selling pressure toward 1509-1510, with further downside potential toward 1504-1505.Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1519 and 1525, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.390206 4.425718
EUR 5.008717 5.015095
CNY 0.603029 0.603828
HKD 0.565660 0.569770
SGD 3.345779 3.370205