FKLI
FKLI Spot Month Futures - 2 Apr 2025
Wed, 02-Apr-2025 08:52 am
by Dealing Team • Apex Futures

FKLI
Pivot
1517
Resistance
1517 / 1522 / 1526
Support
1510 / 1502 / 1498
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1510 with targets at 1517/1522 and stop-loss at 1505
Short positions may be opened below 1510 with targets at 1502/1498 and stop-loss at 1515

FKLI Apr month dropped 18 points or 1.18 to closed lower at 1512. The FBM KLCI ended the first quarter in negative territory, declining 7.83%, as ongoing market uncertainties and cautious investor sentiment pressured performance.


Overnight Dow Jones index dropped 11 points to closed slightly lower at 41989. The S&P 500 and Nasdaq Composite ended higher on Tuesday after a volatile session, as investors remained on edge ahead of impending tariff announcements from the Trump administration. Financial markets have experienced heightened volatility in recent weeks, with investors weighing the economic impact of Trump’s extensive tariff plans, which have fueled concerns over a potential U.S. economic slowdown and rising inflation.


The actively traded FKLI contract transitions to Apr25 starting today. The market remains volatile, with the index staying within an upward channel on the daily chart. Key support is seen at 1502–1504, and holding above this range could offer a buying opportunity, potentially driving the index toward 1516–1517. However, a break below this crucial support may lead to further downside movement. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1510 and 1517, respectively.
 

(News Source: The Star; Reuters)

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