FKLI
FKLI Spot Month Futures - 10 Apr 2025
Thu, 10-Apr-2025 08:32 am
by Dealing Team • Apex Futures

FKLI
Pivot
1428
Resistance
1470 / 1480 / 1490
Support
1445 / 1435 / 1425
Possible Range
1440 to 1490
Strategy
Long positions may be opened above 1457 with targets at 1470/1480 and stop-loss at 1449
Short positions may be opened below 1457 with targets at 1445/1435 and stop-loss at 1465

FKLI Apr month slumped 33.5 points or 2.33% to closed higher at 1405.5. The FBM KLCI tumbled again on Wednesday, with over 900 stocks in the red, as escalating tariff tensions between the U.S. and China—two of the world's largest economies—intensified concerns, heightened recession fears, and erased significant market value.

Overnight Dow Jones index surged 2962 points to closed higher at 40608. Stock indexes recorded their biggest one-day gains in years, with the S&P 500 marking its largest surge since 2008. Meanwhile, the dollar strengthened, and Treasuries trimmed losses on Wednesday after U.S. President Donald Trump announced a temporary pause on tariffs.

The actively traded FKLI experienced another sharp drop in the previous session, driven by bearish sentiment in the global market. The index hit a low of 1379 before rebounding to stay above the 1400 range. Today's market is expected to see strong buying interest, tracking the overnight surge in the U.S. market. Immediate resistance is seen at 1465–1470, and a breakout above this level could trigger further buying toward the 1485–1490 range. However, failure to break above resistance may lead to selling pressure within this range. Key support is spotted at 1440–1435. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1445 and 1470, respectively.

(News Source: The Star; Reuters)

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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