FKLI
FKLI Spot Month Futures (PM) - 4 Apr 2025
Fri, 04-Apr-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1505
Resistance
1505 / 1511 / 1517
Support
1500 / 1495 / 1490
Possible Range
1490 to 1510
Strategy
Long positions may be opened above 1505 with targets at 1511/1517 and stop-loss at 1500
Short positions may be opened below 1505 with targets at 1500/1495 and stop-loss at 1510

FKLI Apr month dropped 12 points or 0.79% to closed lower at 1502.5 on midday session. The FBM KLCI extended its losses by midday, pressured by broad-based selling as US President Donald Trump's global tariffs fueled fears of a trade war, recession, and rising inflation.

The actively traded FKLI contract remains within an upward channel on the daily timeframe, with new crucial support at 1502–1500. We remain our view that 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 support line, buying momentum may emerge, sustaining the upward channel movement. Coming back above 1505–1507 could see further upside. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1500 and 1505 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.451181 4.487974
EUR 4.938764 4.946105
CNY 0.607808 0.608296
HKD 0.573694 0.577958
SGD 3.324704 3.349527