FKLI
FKLI Spot Month Futures (PM) - 2 Apr 2025
Wed, 02-Apr-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1517
Resistance
1526 / 1532 / 1536
Support
1519 / 1513 / 1507
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1526 with targets at 1532/1536 and stop-loss at 1521
Short positions may be opened below 1526 with targets at 1519/1513 and stop-loss at 1531

FKLI Apr month rose 11.5 points or 0.76% to closed higher at 1523.5 on midday session. The FBM KLCI inched higher at midday, while the broader market remained cautious as investors awaited U.S. President Donald Trump's announcement on new reciprocal tariffs for global trading partners.

The actively traded FKLI contract remains within an upward channel, with the index holding above 1502–1504, the key retracement level from the uptrend established on March 21. A new support zone has formed at 1517–1519, and staying above this range could present buying opportunities. A breakout above the 1525–1526 resistance could drive further upside. However, if the support level is breached again, selling pressure may intensify. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1519 and 1526 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
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