FKLI
FKLI Spot Month Futures - 14 May 2025
Wed, 14-May-2025 08:43 am
by Dealing Team • Apex Futures

FKLI
Pivot
1580
Resistance
1592 / 1600 / 1608
Support
1580 / 1572 / 1567
Possible Range
1565 to 1605
Strategy
Long positions may be opened above 1586 with targets at 1592/1600 and stop-loss at 1580
Short positions may be opened below 1586 with targets at 1580/1572 and stop-loss at 1592

FKLI May month jumped 28 points or 1.81% to closed higher at 1573. The FBM KLCI surged to its highest level in more than two months, lifted by positive momentum from easing U.S.-China trade tensions, providing investors with a much-needed breather.

Overnight Dow Jones dropped 269 points to closed lower at 42140. The S&P 500 and Nasdaq closed higher for a second consecutive day on Tuesday, boosted by cooler-than-expected inflation data and optimism from Monday’s U.S.-China trade truce announcement. However, the Dow slipped, dragged down by a 17.8% plunge in UnitedHealth shares after the company suspended its annual forecast and announced the CEO's resignation.

The actively traded FKLI contract continues to trend upward, moving toward the resistance line of a broader downward channel. We maintain a "buy on retracement" strategy. Immediate resistance is seen at the 1590–1592 zone. A breakout above this level could push the index toward the 1600–1605 range. However, failure to break above resistance may lead to consolidation. Key support remains at the 1566–1568 area. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1580 and 1592, 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