FKLI
FKLI Spot Month Futures (PM) - 20 Mar 2025
Thu, 20-Mar-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1512
Resistance
1512 / 1518 / 1524
Support
1506 / 1500 / 1494
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1512 with targets at 1518/1524 and stop-loss at 1507
Short positions may be opened below 1512 with targets at 1506/1500 and stop-loss at 1517

FKLI Mar month dropped 5 points or 0.33% to closed lower at 1509 on midday session. Malaysia's stock market was on track for another day of losses after a brief rebound at the start of Thursday's session, as weakness in Chinese stocks dampened regional sentiment.

The actively traded FKLI contract trended lower in the morning session after breaking below the 1512-1511 support range, which now acts as resistance. On the hourly chart, the price is attempting to form a downward channel consolidation, with the support line of the channel see at 1505-1506. Our strategy remains to sell on rebounds in the coming session. If the 1505-1506 support holds, a buying opportunity may emerge, but if it fails, the index could face further technical selling, potentially moving toward the 1500-1499 range. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1506 and 1512 respectively.

 

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.451181 4.487974
EUR 4.938764 4.946105
CNY 0.607808 0.608296
HKD 0.573694 0.577958
SGD 3.324704 3.349527