FKLI
FKLI Spot Month Futures - 11 Apr 2025
Fri, 11-Apr-2025 08:31 am
by Dealing Team • Apex Futures

FKLI
Pivot
1443
Resistance
1455 / 1465 / 1475
Support
1435 / 1425 / 1415
Possible Range
1440 to 1490
Strategy
Long positions may be opened above 1445 with targets at 1455/1465 and stop-loss at 1438
Short positions may be opened below 1445 with targets at 1435/1425 and stop-loss at 1452

FKLI Apr month surged 56.5 points or 4.02% to closed higher at 1462. The FBM KLCI jumped 4.5% on Thursday as investors rushed to buy beaten-down stocks, spurred by U.S. President Donald Trump’s announcement of an immediate 90-day tariff pause for many countries.

Overnight Dow Jones index falls 1014 points to closed lower at 39593. Wall Street stocks plunged on Thursday amid growing concerns over the economic fallout from U.S. President Donald Trump's multi-front tariff war. All three major U.S. stock indexes saw sharp declines, erasing much of the previous session's gains as escalating trade tensions between Washington and Beijing overshadowed optimism from positive economic data and U.S.-Europe trade talks.

The actively traded FKLI contract surged in the previous session, recovering from losses recorded since April 7. However, on the daily chart, the index reached a high of 1477.5—matching the April 7 peak—before pulling back, forming a double-top pattern that now serves as a crucial resistance level for further recovery. On a smaller timeframe, an upward channel pattern has formed, with key support at the 1435–1440 range. Holding above this level could keep the buy plan intact, but a break below may trigger further selling pressure, potentially pushing the index back to the 1415–1410 range, especially given renewed selling pressure in the U.S. market. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1435 and 1455, 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