FKLI
FKLI Spot Month Futures - 4 Apr 2025
Fri, 04-Apr-2025 08:24 am
by Dealing Team • Apex Futures

FKLI
Pivot
1508
Resistance
1508 / 1513 / 1518
Support
1502 / 1496 / 1490
Possible Range
1490 to 1510
Strategy
Long positions may be opened above 1502 with targets at 1508/1513 and stop-loss at 1497
Short positions may be opened below 1502 with targets at 1496/1490 and stop-loss at 1507

FKLI Apr month dropped 10 points or 0.69% to closed lower at 1514.5. The FBM KLCI ended lower on Thursday, pressured by fragile market sentiment following U.S. President Donald Trump’s announcement of reciprocal tariffs. However, late-session buying helped pare losses, despite broad declines across regional equities.

Overnight Dow Jones index falls 1679 points to closed lower at 40545. Wall Street plunged on Thursday, posting its largest one-day percentage drop in years, as U.S. President Donald Trump's sweeping tariffs fueled fears of a full-blown trade war and a global economic downturn. In response, investors rushed to safer assets like government bonds after Trump imposed a 10% tariff on most U.S. imports, along with significantly higher levies on multiple countries. 

The actively traded FKLI contract remains within an upward channel on the daily timeframe, with crucial support at 1502–1504. Given the negative sentiment in the global market, a break below this support could trigger further downside, potentially reaching the 1490–1492 range. However, if the index holds above 1502–1504, buying momentum may emerge, sustaining the upward channel movement. Coming back above 1507–1508 could see further upside. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1502 and 1508, 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