FKLI
FKLI Spot Month Futures - 30 Apr 2025
Wed, 30-Apr-2025 08:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1519
Resistance
1519 / 1526 / 1534
Support
1510 / 1502 / 1495
Possible Range
1500 to 1530
Strategy
Long positions may be opened above 1514 with targets at 1519/1526 and stop-loss at 1508
Short positions may be opened below 1514 with targets at 1510/1502 and stop-loss at 1520

FKLI Apr month dropped 5.5 points or 0.36% to closed lower at 1516.5. The FBM KLCI slipped 6.03 points, or 0.4%, to close at 1,515.56 — marking its intraday low after touching a high of 1,524.50 earlier in the session. The decline came as investors took a breather to lock in recent gains, while the ringgit strengthened against the US dollar.

Overnight Dow Jones rose 300 points to closed higher at 40527. Wall Street closed higher on Tuesday, with all three major indexes posting gains as investors balanced corporate earnings results, growing optimism around President Trump’s tariff talks, and rising concerns over a potential global recession. The Dow Jones led the way among the benchmarks, while crude oil and gold prices slipped amid shifting market sentiment.

The actively traded FKLI contract continues to show upward momentum within a broader downward channel on the daily chart. In the previous session, the index faced a technical correction after reaching a high of 1526, retreating and breaking below the support range of 1519 to 1517 — which now serves as a key resistance zone for any bullish momentum to resume. Currently, the price has corrected toward the support zone of 1510 to 1508. If this level holds, we may see renewed buying interest, potentially pushing the index back toward the 1519–1517 resistance area. However, if the support fails to hold, further downside correction may follow, with the next support seen around 1502 to 1500. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1510 and 1519, 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