FKLI
FKLI Spot Month Futures - 12 Mar 2026
Thu, 12-Mar-2026 09:11 am
by Dealing Team • Apex Futures

FKLI
Pivot
1679
Resistance
1684 / 1690 / 1696 / 1706
Support
1670 / 1663 / 1654 / 1640
Possible Range
1654 to 1690
Strategy
Long positions may be opened above 1684 with targets at 1690/1696 and stop-loss at 1671
Short positions may be opened below 1670 with targets at 1663/1654 and stop-loss at 1680

FKLI March month increase 0.5 points or +0.03% to closed at 1682 on previous session. The FBM KLCI (+0.42%) edged higher on Wednesday as sentiment improved on expectations that major economies may release strategic oil reserves to ease surging energy prices.

 

The Dow Jones index losses 289 points to close at 47417 on previous session. Dow futures tumble more than 400 points as oil prices continue their ascent amid Iran war.

 

The active FKLI contract has broken below the 50-day SMA but remains supported above the 200-day SMA, suggesting the market may not be turning bearish yet and that the current move could be a correction in progress. On the 30-minute chart, price is facing resistance around the 1683- 1684 level, while support is holding at 1669-1668. Traders should closely watch for a breakout on either side ,break above 1684 could open the door for further upside, while break below 1662 may trigger additional downside pressure.

 

Intraday resistance is seen around 1684-1690 area, while support has been identified in the 1670-1663 area. Overall, traders are advised to remain cautious and wait for a clear direction before entering new positions. The immediate key support and resistance levels are identified at 1670 and 1681, respectively. 
 

(News Source: Apex Securities Research, CNBC)

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