FKLI
FKLI Spot Month Futures (PM) - 11 Apr 2025
Fri, 11-Apr-2025 02:28 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1446
Resistance
1460 / 1470 / 1480
Support
1440 / 1430 / 1420
Possible Range
1425 to 1475
Strategy
Long positions may be opened above 1450 with targets at 1460/1470 and stop-loss at 1443
Short positions may be opened below 1450 with targets at 1440/1430 and stop-loss at 1457

FKLI Apr month dropped 15 points or 1.03% to closed lower at 1447 on midday session. The FBM KLCI trimmed its losses to a 0.5% decline as investors snapped up oversold stocks ahead of the weekend.

The actively traded FKLI contract surged in the previous session, recovering from losses since April 7. However, on the daily chart, the index hit a high of 1477.5—matching the April 7 peak—before pulling back, forming a double-top pattern that now acts as a key resistance level for further recovery.

On a smaller timeframe, the index found support at the 1435–1440 range and continued trading higher. The new support is now at 1445–1450, with sideways consolidation expected. The market could see a slight upward move, but upside remains limited unless the resistance at 1465–1470 is broken. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1440 and 1460 respectively.

(News Source: The Star)

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Market Mover
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