FKLI
FKLI Spot Month Futures - 21 Apr 2025
Mon, 21-Apr-2025 08:39 am
by Dealing Team • Apex Futures

FKLI
Pivot
1490
Resistance
1500 / 1508 / 1515
Support
1490 / 1483 / 1478
Possible Range
1480 to 1515
Strategy
Long positions may be opened above 1490 with targets at 1500/1508 and stop-loss at 1485
Short positions may be opened below 1490 with targets at 1483/1478 and stop-loss at 1495

FKLI Apr month rose 13.5 points or 0.91% to closed higher at 1497. The FBM KLCI reversed early losses to end higher yesterday, buoyed by stronger performances in regional markets and improved investor sentiment.

The U.S. market was closed last Friday in observance of Good Friday and has resumed trading today. Asia-Pacific markets opened mixed on Monday as investors awaited China’s rate decision, with the yuan under pressure amid ongoing trade tensions between Beijing and Washington.

The actively traded FKLI contract remains within a downward channel on the daily chart but has broken above the resistance zone at 1587–1589, which now serves as immediate support. We maintain a buy-on-retracement strategy, with potential upside targets at 1500–1505, possibly extending to around 1515. However, if the index drops back below the immediate support level, selling pressure may resurface. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1490 and 1500, 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