FKLI
FKLI Spot Month Futures (PM) - 8 May 2025
Thu, 08-May-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1540
Resistance
1540 / 1546 / 1552
Support
1536 / 1530 / 1524
Possible Range
1525 to 1555
Strategy
Long positions may be opened above 1540 with targets at 1546/1552 and stop-loss at 1535
Short positions may be opened below 1540 with targets at 1536/1530 and stop-loss at 1545

FKLI Apr month dropped 5 points or 0.32% to closed lower at 1540 on midday session. The blue-chip FBM KLCI hovered below the 1,550-resistance level as investors stayed on the sidelines ahead of the central bank’s policy decision due later today.

The actively traded FKLI contract maintains an overall upside bias in the broader trend. However, on the hourly chart, the index continues to consolidate sideways, with a mid-range identified at 1538–1536. As long as it stays above this level, a buy-on-dip strategy remains favorable, targeting the 1545–1546 zone or possibly higher. Conversely, a break below this range could trigger further technical correction toward the 1534–1532 area, with downside risk extending to the 1529–1528 region. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1536 and 1540 respectively.

(News Source: The Star)

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