FKLI
FKLI Spot Month Futures - 6 May 2025
Tue, 06-May-2025 08:37 am
by Dealing Team • Apex Futures

FKLI
Pivot
1537
Resistance
1545 / 1552 / 1558
Support
1537 / 1531 / 1525
Possible Range
1525 to 1555
Strategy
Long positions may be opened above 1541 with targets at 1545/1552 and stop-loss at 1535
Short positions may be opened below 1541 with targets at 1537/1531 and stop-loss at 1547

FKLI May month dropped 7.5 points or 0.49% to closed lower at 1535. The FBM KLCI ended lower on Monday, tracking a broadly weaker market, while the ringgit strengthened to a seven-month high.

Overnight Dow Jones dropped 98 points to closed lower at 41218. The S&P 500 slipped on Monday, ending its longest winning streak in two decades, as investors digested President Donald Trump’s surprise announcement of a 100% tariff on foreign-produced movies and looked ahead to the Federal Reserve’s upcoming policy decision.

The actively traded FKLI contract continues to show upward momentum, though it remains within a broader downward channel on the daily chart. In the previous session, it traded in a narrow range and faced resistance around the 1542–1545 level. We expect to see some downside bias due to potential technical correction, with immediate support identified at the 1534–1532 zone. A break below this level could lead to further downside toward the 1526–1524 area. However, if the support holds, it may present a buying opportunity. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1537 and 1545, respectively.

(News Source: The Star; Reuters)

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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