FKLI
FKLI Spot Month Futures - 21 Mar 2025
Fri, 21-Mar-2025 08:19 am
by Dealing Team • Apex Futures

FKLI
Pivot
1503
Resistance
1496 / 1503 / 1509
Support
1490 / 1484 / 1478
Possible Range
1485 to 1505
Strategy
Long positions may be opened above 1490 with targets at 1496/1503 and stop-loss at 1485
Short positions may be opened below 1490 with targets at 1484/1478 and stop-loss at 1495

FKLI Mar month dipped 20 points or 1.32% to closed lower at 1494. Bursa Malaysia’s benchmark index closed lower, tracking regional market trends, as investor sentiment was weighed down by the US Federal Reserve’s decision to maintain interest rates and the People’s Bank of China’s unexpected move to keep its key lending rates unchanged, according to analysts.

Overnight Dow Jones index dropped 11 points to closed moderately lower at 41953. U.S. stocks posted modest losses on Thursday, while the dollar strengthened as investors balanced solid economic data against cautious remarks on trade from global central bank leaders. Gold retreated from record highs, while crude oil prices advanced later in the session. 

The actively traded FKLI contract dropped sharply in the previous session, breaking below the 1,500–1,499 range and extending lower. The index found some support at the 1,490–1,488 zone, which serves as the retracement support for the uptrend since March 13 on the daily chart. If this support holds, there is potential for technical buying, though upside may be limited, with resistance seen at the 1,505–1,503 range. However, if the support fails, selling pressure could intensify, pushing prices toward the 1,484–1,483 level. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1490 and 1496, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.425747 4.460392
EUR 4.895220 4.904713
CNY 0.606938 0.608107
HKD 0.568828 0.573311
SGD 3.311739 3.338136