FKLI
FKLI Spot Month Futures - 3 Apr 2025
Thu, 03-Apr-2025 08:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1519
Resistance
1527 / 1535 / 1541
Support
1519 / 1513 / 1508
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1523 with targets at 1527/1535 and stop-loss at 1518
Short positions may be opened below 1523 with targets at 1519/1513 and stop-loss at 1528

FKLI Apr month rose 13 points or 0.86% to closed higher at 1525. The FBM KLCI closed higher on Wednesday, supported by bargain-hunting activities despite overall cautious market sentiment.

Overnight Dow Jones index rose 235 points to closed higher at 42225. U.S. stock indexes closed higher on Wednesday after a volatile session, initially declining before rebounding as investors adjusted their positions ahead of President Donald Trump's anticipated tariff announcements.

The actively traded FKLI contract continues to move within an upward channel, with the index holding above the new support range of 1511–1512. A buy-on-retracement approach remains the primary plan if the index stays firm above the 1523–1525 zone. In the previous session, the index formed a sideways consolidation within a narrow range on smaller timeframes, with resistance seen at 1528–1529 and support at 1519–1520. If the index remains above the mid-range level of 1523–1525, the buying plan remains valid, while trading below this zone may shift the focus toward a selling. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1519 and 1527, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.425747 4.460392
EUR 4.895220 4.904713
CNY 0.606938 0.608107
HKD 0.568828 0.573311
SGD 3.311739 3.338136