FKLI
FKLI Spot Month Futures (PM) - 21 Apr 2025
Mon, 21-Apr-2025 02:32 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1494
Resistance
1494 / 1500 / 1507
Support
1489 / 1483 / 1477
Possible Range
1480 to 1510
Strategy
Long positions may be opened above 1494 with targets at 1500/1507 and stop-loss at 1488
Short positions may be opened below 1494 with targets at 1489/1483 and stop-loss at 1500

FKLI Apr month dropped 2 points or 0.13% to closed lower at 1495 on midday session. The benchmark FBM KLCI hovered around the 1,500 level in early trade, as investors held on to gains amid a modest improvement in market sentiment.

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 1600–1605, possibly extending toward 1615. However, if the index falls back below the immediate support level, renewed selling pressure may emerge. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1489 and 1494 respectively.

(News Source: The Star)

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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