FKLI
FKLI Spot Month Futures - 15 Apr 2025
Tue, 15-Apr-2025 08:30 am
by Dealing Team • Apex Futures

FKLI
Pivot
1474
Resistance
1485 / 1495 / 1505
Support
1468 / 1458 / 1448
Possible Range
1465 to 1500
Strategy
Long positions may be opened above 1476 with targets at 1485/1495 and stop-loss at 1470
Short positions may be opened below 1476 with targets at 1468/1458 and stop-loss at 1482

FKLI Apr month rose 31.5 points or 2.18% to closed higher at 1479.5. The FBM KLCI closed at its intra-day high on Monday, lifted by broad-based buying interest and mirroring the positive performance of regional markets.

Overnight Dow Jones index rose 312 points to closed higher at 40524. U.S. stocks closed higher on Monday, with Apple leading gains and providing the biggest lift to the S&P 500 after the White House exempted smartphones and computers from new tariffs. However, lingering uncertainty over future tariffs capped overall optimism, causing the major indexes to finish below their session highs. Investors remain concerned about how companies will navigate supply chain disruptions amid anticipated tariff changes.

The actively traded FKLI contract continues to hover near the lower boundary of a broad downward channel on the daily chart, with key resistance located around the 1480–1475 zone. This area will be critical in determining whether buying momentum can gain traction or if the prevailing downside bias will remain intact. On the shorter timeframe, the index is finding support around the 1465–1468 range. We anticipate a “buy on retracement” strategy for the next move. A breakout above the 1480–1475 resistance could trigger further buying interest toward the 1490–1492 region. However, failure to break above may lead to some technical selling or a sideways consolidation phase, with limited downside risk likely contained near the 1465–1468 support zone. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1468 and 1485, 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