FKLI
FKLI Spot Month Futures - 27 Mar 2025
Thu, 27-Mar-2025 08:26 am
by Dealing Team • Apex Futures

FKLI
Pivot
1513
Resistance
1518 / 1522 / 1527
Support
1513 / 1507 / 1501
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1513 with targets at 1518/1522 and stop-loss at 1508
Short positions may be opened below 1513 with targets at 1507/1501 and stop-loss at 1518

FKLI Mar month rose 12 points or 0.80% to closed higher at 1515.5. The FBM KLCI ended higher on Wednesday, following regional gains as investors awaited clarity on upcoming U.S. tariffs.

Overnight Dow Jones index dropped 132 points to closed lower at 42454. Global stocks declined on Wednesday after three consecutive sessions of gains, while the U.S. dollar resumed its upward trend as investors awaited the next tariff announcement from U.S. President Donald Trump.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe but has recently entered a sideways consolidation within an upward channel on the smaller timeframe, signaling mildly positive sentiment. Holding above the key support zone of 1,507–1,508 could sustain buying momentum, potentially pushing the price toward 1,521–1,522, with an upside target near the recent high of 1,527. However, failure to maintain support could lead to renewed selling pressure. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1513 and 1518, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.420886 4.455517
EUR 4.777422 4.786296
CNY 0.609704 0.610870
HKD 0.568233 0.572913
SGD 3.295156 3.321155