FKLI
FKLI Spot Month Futures (PM) - 3 Apr 2025
Thu, 03-Apr-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1517
Resistance
1525 / 1531 / 1536
Support
1517 / 1513 / 1508
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1521 with targets at 1525/1531 and stop-loss at 1516
Short positions may be opened below 1521 with targets at 1517/1513 and stop-loss at 1526

FKLI Apr month dropped 4 points or 0.26% to closed lower at 1521 on midday session. The FBM KLCI opened lower on Thursday, with decliners outnumbering gainers nearly three to one, as market sentiment weakened following U.S. President Donald Trump's announcement of sweeping tariffs on all imports, further escalating the global trade war.

The actively traded FKLI contract remains within an upward channel, holding above the key retracement level of 1502–1504 from the uptrend established on March 21. This morning, the index formed a double bottom, signaling strong support against further decline. On the hourly chart, the index is moving within a sideways range, with resistance at 1528–1529 and support at 1502–1504, while the mid-range stands at 1517–1519. If the index remains supported at this mid-level, further buying momentum could emerge. However, failure to hold above this range may trigger renewed selling pressure. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1517 and 1525 respectively.

(News Source: The Star)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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