FKLI
FKLI Spot Month Futures - 28 Apr 2025
Mon, 28-Apr-2025 08:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1508
Resistance
1512 / 1518 / 1525
Support
1506 / 1500 / 1494
Possible Range
1490 to 1520
Strategy
Long positions may be opened above 1506 with targets at 1512/1518 and stop-loss at 1500
Short positions may be opened below 1506 with targets at 1500/1494 and stop-loss at 1515

FKLI Apr month rose 9 points or 0.60% to closed higher at 1509. The FBM KLCI advanced for the third straight session, lifted by regional market strength and optimism over a possible easing of US-China trade tensions.

Overnight Dow Jones added 20 points to closed moderately higher at 40113. Most stock indexes rose on Friday, with Wall Street supported by gains in technology-related shares, while the dollar posted its first weekly advance in over a month amid hopes of easing U.S.-China trade tensions.

The actively traded FKLI contract continues to move within a broader downward channel on the daily chart but is currently displaying upward momentum, supported by technical buying. On the shorter time frame, the index remains within an upward channel, with new support seen at the 1506–1508 range. We maintain our buy-on-retracement view, provided this support holds, with potential for the index to test the key resistance at 1515–1518. A breakout above this resistance could lead to further upside, while a failure to break through may result in mild selling pressure from profit-taking or technical correction. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1506 and 1512, 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