FKLI
FKLI Spot Month Futures (PM) - 8 Apr 2025
Tue, 08-Apr-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1439
Resistance
1439 / 1444 / 1450
Support
1429 / 1420 / 1415
Possible Range
1415 to 1450
Strategy
Long positions may be opened above 1439 with targets at 1444/1450 and stop-loss at 1433
Short positions may be opened below 1439 with targets at 1429/1420 and stop-loss at 1445

FKLI Apr month dropped 1.5 points or 0.1% to closed lower at 1431 on midday session. The FBM KLCI hovered near 16-month lows as early gains faded through the morning session, with investors swiftly locking in profits amid expectations of further declines.

The actively traded FKLI contract attempted to break above the 1449–1455 resistance range on the daily chart but failed for the second time. This level remains a key resistance following yesterday’s sell-off. On a smaller timeframe, the index failed to hold the 1439–1437 support line of the upward channel, which has now turned into a resistance zone. We maintain a sell-on-rebound strategy for the coming session, with the index likely to move toward the 1420–1422 range. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1429 and 1439 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.949404 3.981238
EUR 4.633763 4.638745
CNY 0.579561 0.580180
HKD 0.504449 0.508017
SGD 3.094283 3.116286