FKLI
FKLI Spot Month Futures (PM) - 19 Mar 2025
Wed, 19-Mar-2025 02:30 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1514
Resistance
1516 / 1521 / 1526
Support
1511 / 1505 / 1499
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1516 with targets at 1521/1526 and stop-loss at 1511
Short positions may be opened below 1516 with targets at 1511/1505 and stop-loss at 1521

FKLI Mar month rose 11.5 points or 0.78% to closed higher at 1487 on midday session. The FBM KLCI closed the early session nearly 10 points lower, as market sentiment remained weak amid ongoing geopolitical uncertainties.

The actively traded FKI contract extended its upward momentum from the previous session, with a strong recovery since March 13 forming a bullish engulfing candle on the daily chart, indicating support against further declines. Our strategy favors buying on retracements, with support at 1514-1512 for the minor uptrend on the hourly chart. Holding above this range could offer a buying opportunity toward 1525-1526. However, failure to hold may trigger selling pressure toward 1505-1507, with further downside potential extending to 1504-1505. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1511 and 1516 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
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