FKLI
FKLI Spot Month Futures - 23 Apr 2025
Wed, 23-Apr-2025 08:25 am
by Dealing Team • Apex Futures

FKLI
Pivot
1485
Resistance
1500 / 1510 / 1520
Support
1488 / 1478 / 1468
Possible Range
1480 to 1520
Strategy
Long positions may be opened above 1494 with targets at 1500/1510 and stop-loss at 1488
Short positions may be opened below 1494 with targets at 1488/1478 and stop-loss at 1500

FKLI Apr month dropped 4.5 points or 0.30% to closed lower at 1485.5. The FBM KLCI ended lower on Monday, tracking regional declines, as investor sentiment was weighed down by U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell.

Overnight Dow Jones jump 1016 to closed higher at 39186. U.S. stocks bounced back on Tuesday, recovering from the prior session’s losses as investors shifted their attention to corporate earnings. The dollar strengthened after U.S. Treasury Secretary Scott Bessent reportedly expressed optimism about a potential easing in U.S.-China trade tensions during a closed-door meeting.

The actively traded FKLI contract remains within a downward channel on the daily chart, though the index is currently showing some upward momentum, with support holding above the 1486–1489 zone. On the hourly chart, an upward channel has formed, with the price hovering around the mid-range. Resistance is seen at 1498–1500; a breakout above this level may lead to further upside toward 1515–1518. However, if it fails to break, the index may retreat and continue to consolidate sideways. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1488 and 1500, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.061877 4.094367
EUR 4.778623 4.788197
CNY 0.579532 0.580122
HKD 0.522115 0.526303
SGD 3.147144 3.172563