3 Mar 2025 BMD Local Market

LOCAL MARKET 

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FKLI

FKLI Mar month rose 13.5 points or 0.88% to closed higher at 1555.5 on midday session. The FBM KLCI trimmed its earlier gains by midday, slipping a marginal 0.06% as investors remained cautious amid persistent foreign selling.

The actively traded FKLI contract remains within a broader downward channel, forming a triple bottom around the 1,538–1,540 area. This support range appears to be holding, suggesting potential consolidation with some technical buying. New support is seen at 1,549–1,550, while resistance is at today's high. A breakout above may lead to limited gains, with an upside target of 1,560–1,562. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1554 and 1559 respectively.

(News Source: The Star)

Recommend Trading Plan:

Long positions may be opened above 1554 with targets at 1559/1563 and stop-loss at 1549

Short positions may be opened below 1554 with targets at 1549/1544 and stop-loss at 1559

FCPO

FCPO May month dropped 67 21 points or 1.47% to closed lower at 4487 on midday session. Malaysian crude palm oil futures opened lower on Monday, pressured by reduced demand at the start of the Islamic fasting month of Ramadan and weakness in Dalian's soyoil market.

The actively traded FCPO contract remains in sideways consolidation, hovering near the support zone of 4,490–4,485. The primary strategy remains selling on rebounds. If the support holds, buying interest may emerge, but a breakdown could trigger further selling pressure. Stay alert for potential sentiment shifts. The immediate support and resistance levels are identified at 4480 and 4504, respectively. 

(News Source: Reuters)

Recommend Trading Plan:

Long positions may be opened above 4504 with targets 4527/4555 at stop-loss at 4484

Short positions may be opened below 4504 with targets at 4480/4454 stop-loss at 4524

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.

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3 March 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

Stock futures were rising on Sunday night, ahead of a week full of labor market updates and employment news, including the February jobs report on Friday.

While the Dow ended last week on an upswing, worries about the economy have seeped into the stock market, weighing on the S&P 500 and technology-heavy Nasdaq.

This week's economic highlights include the ADP's report on private-sector employment in February and the Federal Reserve's Beige Book on Wednesday, initial unemployment claims on Thursday, and the Bureau of Labor Statistics' jobs report and unemployment rate for February on Friday.

(News Source: DJN)

Plan A: Long only if market retraced but supported firm above 43, 891. Targets around 44, 002/44, 222.

Plan B: Sell only if market failed to support above 43, 891. Targets around 43, 584/43,379.

E-Mini S&P500

US stock futures edged higher on Monday as Wall Street looks to recover from a turbulent February.

Investors are keenly eyeing the March 4 deadline for President Donald Trump’s proposed tariffs on key US trading partners.

Over the weekend, Commerce Secretary Howard Lutnick indicated that tariffs on Mexico and Canada remain “fluid,” suggesting they could be lower than the initially proposed 25%.

(News Source: Trading Economics)

Plan A: Long only if prices are well supported above 5, 970. Targets around 5, 999 /6, 025.

Plan B: Short if prices failed to support above 5, 970. Targets around 5, 951/5, 932.

E-Mini Nasdaq

Wall Street indexes advanced in choppy trading on Friday, after briefly dipping following a contentious White House meeting with Ukrainian President Volodymyr Zelenskiy. 

The Nasdaq gained 1.63% to 18,847.28 points. Volume on U.S. exchanges was heavy, with 17.5 billion shares traded, compared with an average of 15.4 billion shares over the previous 20 sessions.

US Treasury yields fell to new multi-month lows after a report closely tracked by the Federal Reserve showed annual inflation subsided and consumer spending slowed last month.

The 12-month change in the US personal consumption expenditures (PCE) price index fell to 2.5% last month from 2.6% in December, US data showed. The core PCE measure, the Fed's preferred measure of inflation, fell to 2.6% from an upwardly revised 2.9%. The central bank targets an inflation rate of 2%. Both measures came in line with economists' expectations.

The threat of escalating tariffs has boosted the dollar, but it has also stoked worries about the impact of widespread duties on the US economy.

(News Source: Reuters)

Plan A: Short only if prices resilient to 20,975. Targets are 20,760/20,491.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market retraced but supported firm above 20,760. Targets are 20, 980/21,335. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil gained at the start of the week ahead of planned tariffs by the Trump administration on major US trading partners including China, which raises the prospect of retaliatory measures and market volatility.

Brent climbed above $73 a barrel after posting the biggest monthly loss since September, while WTI futures traded near $70. The levies on China, Mexico and Canada, which are scheduled to start on Tuesday, may yet be delayed, but any reprieve would likely be temporary.

President Donald Trump's threats to implement sweeping tariffs on a number of countries has weighed on sentiment across global markets, with benchmark oil futures on a downtrend since mid-January. Hedge funds cut their net-long position in WTI to the lowest level since 2010 through Feb 25.

(News Source: Bloomberg)

Plan A: Consider short if market failed to support above 70.13. Targets are 69.80/69.27.

Plan B: Long only if prices retraced but supported firm above 70.13. Targets are 70.49/71.26.

US Gold

Gold prices eased on Friday, February 28, posting the biggest weekly drop since November. A stronger US dollar pressured bullion, while investors awaited key US inflation data for insights into the Federal Reserve's monetary policy. 

Spot gold was down 1.1% at $2,885.13 an ounce as of 01:50p.m. ET (1850 GMT), after hitting its lowest level since February 12 in Friday's session. Prices hit a record high of $2,956.15 on Monday, driven by safe-haven flows.

US gold futures settled 1.2% lower at $2,895.90. 

(News Source: CNBCTV18)

Plan A: Short only if market resilient to 2,887. Targets are 2,875/2,866.

Plan B: Consider long only if market retraced but supported firm above 2,867. Targets at 2,879/2,895.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.

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3 March 2025 Global Futures Index - Hang Seng

 HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng tumbled 777 points or 3.3% to end at 22,941 on Friday, falling for the second day after the US put a 10% tariff on Chinese imports, adding to the 10% levy imposed on February 4 and bringing the total to 20%.

In response, China vowed to take all "necessary" countermeasures, further escalating tensions between the two nations. Markets extended their pullback from a three-year top, down 2.3% weekly, as broad-based losses hit all sectors.

The tech index sank 5.3% after Nvidia’s disappointing earnings, prompting profit-taking in stocks such as Horizon Robotics (-14.0%), Sunny Optical Tech. (-8.3%), Meituan (-6.7%), and Tencent Hlds (-3.5%).

Property, financials, and consumers also fell sharply, weighed down by concerns over China's official PMI data due for release Saturday. Still, the benchmark index surged 13.4% in February, marking its third monthly rise, on optimism that China’s Two Sessions gathering next week will roll out new policy measures to boost economic recovery.

(News Source: Tradingeconomics)

Plan A: Long only if market retraced but supported firm above 22,894. Targets are 23,043/23,250. Take reasonable stop loss for each trade. 

Plan B: Short if market rebounded but resilient to 23,254. Targets are 23,047/22,782. Take reasonable stop loss for each trade. 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.

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