FKLI
FKLI Spot Month Futures (PM) - 24 Mar 2025
Mon, 24-Mar-2025 01:11 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1502
Resistance
1505 / 1511 / 1517
Support
1498 / 1492 / 1486
Possible Range
1490 to 1510
Strategy
Long positions may be opened above 1505 with targets at 1511/1517 and stop-loss at 1500
Short positions may be opened below 1505 with targets at 1498/1492 and stop-loss at 1510

FKLI Mar month rose 0.5 point or 0.03% to closed almost flat at 1500.5 on midday session. Bursa Malaysia's blue-chip index climbed in the morning session as bargain hunters stepped in, despite concerns over the upcoming US trade tariffs in April.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe. After rebounding to 1,510, strong selling pressure emerged in the early session. Currently, the index is in sideways consolidation on the hourly chart with a downward bias. A rebound toward 1,504–1,505 could offer a selling opportunity targeting 1,494–1,492. However, if resistance is broken, buying could push the price back toward today's high of 1,510. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1498 and 1505 respectively.

(News Source: The Star)

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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