FKLI
FKLI Spot Month Futures - 7 May 2025
Wed, 07-May-2025 08:42 am
by Dealing Team • Apex Futures

FKLI
Pivot
1536
Resistance
1536 / 1542 / 1547
Support
1526 / 1521 / 1516
Possible Range
1525 to 1550
Strategy
Long positions may be opened above 1531 with targets at 1536/1542 and stop-loss at 1526
Short positions may be opened below 1531 with targets at 1526/1521 and stop-loss at 1536

FKLI May month dropped 4 points or 0.26% to closed lower at 1531. The FBM KLCI fell for a second straight session, weighed down by cautious investor sentiment and a weaker broader market.

Overnight Dow Jones dropped 389 points to closed lower at 40829. U.S. stock futures edged higher late Tuesday following news that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with China's top economic official in Switzerland later this week.

The actively traded FKLI contract continues to show an overall upside bias in the broader trend. However, on the hourly chart, the index is moving with a slight downward bias, which we view as part of a technical pullback. Key support is seen at the 1526–1524 range — if this zone holds, it may offer a buying opportunity with potential rebound toward the 1540–1545 range. However, failure to hold this support could lead to further downside correction. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1526 and 1536, 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