FKLI
FKLI Spot Month Futures - 8 May 2025
Thu, 08-May-2025 08:35 am
by Dealing Team • Apex Futures

FKLI
Pivot
1542
Resistance
1646 / 1553 / 1560
Support
1538 / 1532 / 1526
Possible Range
1525 to 1555
Strategy
Long positions may be opened above 1542 with targets at 1546/1553 and stop-loss at 1537
Short positions may be opened below 1542 with targets at 1538/1532 and stop-loss at 1547

FKLI May month rose 14 points or 0.91% to closed higher at 1545. The FBM KLCI ended its losing streak and closed at its intraday high on Wednesday, supported by buying interest in heavyweight counters ahead of Bank Negara’s overnight policy rate (OPR) decision.

Overnight Dow Jones rose 284 points to closed higher at 41113. U.S. Equities climbed in a choppy trading session on Wednesday, while U.S. Treasury yields declined after the Federal Reserve kept interest rates unchanged but signaled concerns over persistent inflation and potential risks in the labor market.

The actively traded FKLI contract continues to show an overall upside bias in the broader trend. However, on the hourly chart, the index is consolidating sideways, with the mid-range spotted at 1538–1536. As long as it holds above this range, the buy-on-dip strategy remains intact, targeting the 1545–1546 zone or potentially higher. A break below this range, however, may lead to further technical correction toward the 1534–1532 zone, with the downside likely extending to 1529–1528. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1538 and 1546, respectively.

 (News Source: The star, Reuters)

(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