FKLI
FKLI Spot Month Futures (PM) - 27 Mar 2025
Thu, 27-Mar-2025 02:30 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1524
Resistance
1533 / 1537 / 1542
Support
1524 / 1520 / 1515
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1528 with targets at 1533/1537 and stop-loss at 1523
Short positions may be opened below 1528 with targets at 1524/1520 and stop-loss at 1533

FKLI Mar month rose 15 points or 0.99% to closed higher at 1530.5 on midday session. Buying in selected heavyweight counters lifted the FBM KLCI in Thursday morning trade, despite investor concerns over developments in Trump's trade war.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe but has recently broken above the 1512–1513 sideways range within an upward channel on the smaller timeframe, signaling a continuation of positive sentiment. We suggest a buy on retracement strategy, with key support at 1526–1524. Holding above this range could sustain the buying momentum, potentially reaching 1536–1537. Failure to hold support may trigger selling pressure, though with limited downside. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1524 and 1533 respectively.

(News Source: The Star)

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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