FKLI
FKLI Spot Month Futures - 20 Mar 2025
Thu, 20-Mar-2025 08:29 am
by Dealing Team • Apex Futures

FKLI
Pivot
1515
Resistance
1519 / 1525 / 1531
Support
1512 / 1506 / 1500
Possible Range
1505 to 1525
Strategy
Long positions may be opened above 1516 with targets at 1519/1525 and stop-loss at 1511
Short positions may be opened below 1516 with targets at 1512/1506 and stop-loss at 1521

FKLI Mar month dropped 6 points or 0.39% to closed lower at 1514. Bursa Malaysia’s benchmark index closed lower on Wednesday, weighed down by selling pressure in the construction and banking sectors, while healthcare stocks attracted some buying interest, according to analysts.

Overnight Dow Jones index rose 383 points to closed higher at 41964. U.S. stocks surged on Wednesday after the Federal Reserve, as widely anticipated, left interest rates unchanged, while both the central bank and investors assessed the impact of President Donald Trump's tariff policies on the economy and inflation.

The actively traded FKLI contract remains in an upward trend, with the broader outlook still supported at the crucial 1506-1507 level. In the previous session, the candle closed with a doji pattern, signaling a potential shift in direction. Technical selling is possible but with limited downside. Immediate support is seen at 1512-1510, and a break below this level could lead to a move toward 1506-1507. However, if support holds, buying momentum may strengthen. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1512 and 1519, 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