FKLI
FKLI Spot Month Futures - 24 Mar 2025
Mon, 24-Mar-2025 08:32 am
by Dealing Team • Apex Futures

FKLI
Pivot
1500
Resistance
1505 / 1511 / 1517
Support
1498 / 1492 / 1486
Possible Range
1485 to 1505
Strategy
Long positions may be opened above 1498 with targets at 1505/1511 and stop-loss at 1493
Short positions may be opened below 1498 with targets at 1492/1486 and stop-loss at 1503

FKLI Mar month rose 6 points or 0.4% to closed higher at 1500. Bursa The FBM KLCI closed higher on Friday despite cautious market sentiment, defying the downward trend seen in other regional indices.

Overnight Dow Jones index rose 32 points to closed moderately higher at 41985. Wall Street edged higher, and the dollar strengthened on Friday after U.S. President Donald Trump suggested flexibility on the upcoming round of tariffs set for early next month. However, lingering economic uncertainties and ongoing geopolitical tensions kept investors cautious.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe, with a rebound to 1,527 followed by a pullback toward the 1,500 range. On the hourly timeframe, the index also signals a downward bias, with immediate support at 1,497–1,498. A break below this level could push the index toward 1,486–1,484, while support holding could see a rebound toward 1,505–1,506, though with limited upside potential. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1498 and 1505, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.438795 4.472568
EUR 4.812854 4.816325
CNY 0.611771 0.612291
HKD 0.570562 0.574463
SGD 3.306949 3.329359