FKLI
FKLI Spot Month Futures - 25 Mar 2025
Tue, 25-Mar-2025 08:33 am
by Dealing Team • Apex Futures

FKLI
Pivot
1497
Resistance
1497 / 1503 / 1509
Support
1491 / 1485 / 1479
Possible Range
1490 to 1510
Strategy
Long positions may be opened above 1503 with targets at 1509/1514 and stop-loss at 1498
Short positions may be opened below 1503 with targets at 1497/1491 and stop-loss at 1508

FKLI Mar month dropped 9 points or 0.6% to closed lower at 1491. The FBM KLCI closed slightly lower as overall market sentiment remained weak, weighed down by mixed cues from regional markets.

Overnight Dow Jones index rose 597 points to closed higher at 42583. Global stocks surged on Monday, driven by gains in U.S. equities, while U.S. Treasury yields rose following reports that President Donald Trump's tariff plan could take a more targeted approach than initially expected, improving market sentiment.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe, maintaining a sell-on-rebound approach. However, the morning session may see some technical recovery, tracking the sharp rise in the overnight U.S. market. A rebound towards the 1,503–1,504 zone could present a selling opportunity, but a breakout above this level may drive further buying momentum towards 1,509–1,512. On the downside, key support is observed between 1,486 and 1,488. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1491 and 1497, 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