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FKLI Eyes Break Above 1,500 Resistance, FCPO Breaches RM4,000 But Bearish Bias Remains

Business Today LogoBusiness Today15h ago

FKLI Eyes Break Above 1,500 Resistance, FCPO Breaches RM4,000 But Bearish Bias Remains - Business Today

Quick Summary:

RHB Investment Bank Bhd (RHB Research) expects the FTSE Bursa Malaysia KLCI Futures (FKLI) to continue its upward momentum, while maintaining a cautious view on the crude palm oil futures (FCPO) despite a rebound above the RM4,000 level.

The firm will continue to monitor momentum shifts closely in the coming sessions.

Meanwhile, the FCPO posted a counter-trend rebound on Wednesday, closing RM71 higher at RM4,037, having touched a high of RM4,056.

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FKLI Eyes Break Above 1,500 Resistance, FCPO Breaches RM4,000 But Bearish Bias Remains - Business Today (Picture 1)

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Article Details

Author / Journalist: Shahrizal

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 00:46:37 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28180668

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About Business Today

Business Today Logo

Main Topics: InvestingBusiness

Official Website: businesstoday.com.my

Update Frequency: 9 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #73

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The story "FKLI Eyes Break Above 1,500 Resistance, FCPO Breaches RM4,000 But Bearish Bias Remains" was covered 15 hours ago by Business Today, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/fkli-eyes-break-above-1500-17454560352381

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