FKLI
FKLI Spot Month Futures (PM) - 14 May 2025
Wed, 14-May-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1574
Resistance
1578 / 1583 / 1590
Support
1570 / 1565 / 1559
Possible Range
1560 to 1590
Strategy
Long positions may be opened above 1574 with targets at 1578/1583 and stop-loss at 1568
Short positions may be opened below 1574 with targets at 1570/1565 and stop-loss at 1580

FKLI May month rose 4.5 points or 0.29% to closed higher at 1577.5 on midday session. The FBM KLCI slipped into negative territory by midday, reversing earlier gains as investors engaged in profit-taking after yesterday’s strong rally.

The actively traded FKLI contract continues to trend higher, approaching the resistance line of a broader downward channel. We reckon a buy-on-retracement plan is suitable if the index stays supported above the 1578–1580 zone, potentially pushing prices toward 1586 or even 1590. However, if the 1578–1580 range fails to hold, technical selling may resume, with key support seen at the 1566–1568 area. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1570 and 1578 respectively.

(News Source: The Star)

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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