FKLI
FKLI Spot Month Futures - 14 Apr 2025
Mon, 14-Apr-2025 08:29 am
by Dealing Team • Apex Futures

FKLI
Pivot
1446
Resistance
1455 / 1465 / 1475
Support
1440 / 1430 / 1420
Possible Range
1440 to 1490
Strategy
Long positions may be opened above 1448 with targets at 1455/1465 and stop-loss at 1441
Short positions may be opened below 1448 with targets at 1440/1430 and stop-loss at 1455

FKLI Apr month dropped 14 points or 0.96% to closed lower at 1448. The FBM KLCI closed lower on Friday, though off its intraday low, pressured by losses in heavyweight stocks as trade tensions between the U.S. and China continued to escalate. 

Overnight Dow Jones index rose 619 points to closed higher at 40212. Wall Street closed sharply higher on Friday, buoyed by strong earnings from major banks and reassurances from Boston Fed President Susan Collins that the central bank is ready to support financial markets if needed. The rally helped investors shake off a volatile week marked by sharp swings amid escalating trade tensions driven by U.S. President Donald Trump's multi-front trade war.

The actively traded FKLI contract is hovering near the lower end of a broad downward channel on the daily chart, with crucial support seen at the 1415–1410 range. Holding above this level suggests limited downside ahead. On the hourly chart, the index found support at the 1440–1445 zone following a strong rebound since April 10. We expect the market to remain supported and potentially trade with upward momentum in line with global gains. Key resistance is seen at 1470–1475; a breakout above this range could signal further recovery, while failure to break may lead to sideways consolidation. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1440 and 1455, respectively.

(News Source: The Star; Reuters)

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