FKLI
FKLI Spot Month Futures (PM) - 23 Apr 2025
Wed, 23-Apr-2025 02:14 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1493
Resistance
1497 / 1505 / 1512
Support
1489 / 1480 / 1476
Possible Range
1480 to 1520
Strategy
Long positions may be opened above 1489 with targets at 1497/1505 and stop-loss at 1482
Short positions may be opened below 1489 with targets at 1480/1476 and stop-loss at 1496

FKLI Apr month rose 9 points or 0.61% to closed higher at 1494.5 on midday session. Malaysia's benchmark index ended the morning session on a positive note, buoyed by investor optimism following signals from the US President indicating a willingness to strike a deal with China.

The actively traded FKLI contract continues to trade within a broader downward channel on the daily chart, although recent sessions show signs of upward momentum with support holding above the 1486–1489 zone. On the hourly chart, an upward channel has emerged, with the price currently hovering around the mid-range. Resistance is seen at 1498–1500; a breakout above this level could open the path toward 1515–1518. However, failure to break this resistance may lead to a pullback and continued sideways consolidation. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1489 and 1497 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.353768 4.388176
EUR 4.972823 4.977858
CNY 0.599000 0.599600
HKD 0.561405 0.565352
SGD 3.320010 3.343413