FKLI
FKLI Spot Month Futures - 15 May 2025
Thu, 15-May-2025 08:42 am
by Dealing Team • Apex Futures

FKLI
Pivot
1576
Resistance
1586 / 1593 / 1600
Support
1576 / 1569 / 1562
Possible Range
1565 to 1605
Strategy
Long positions may be opened above 1581 with targets at 1586/1593 and stop-loss at 1575
Short positions may be opened below 1581 with targets at 1576/1569 and stop-loss at 1587

FKLI May month rose 8 points or 0.51% to closed higher at 1581. The FBM KLCI rebounded to close higher on Wednesday, lifted by improved market sentiment and broad-based gains among regional markets.

Overnight Dow Jones dropped 89 points to closed lower at 42051. The S&P 500 ended slightly higher on Wednesday after a choppy session, as investors remained cautious ahead of upcoming economic data, following a strong start to the week driven by soft inflation readings and a U.S.-China tariff truce.

The actively traded FKLI contract continues to trend higher, nearing the resistance line of a broader downward channel. We reckon a buy-on-retracement strategy remains appropriate as long as the index holds above the 1576–1578 support zone, with potential upside toward the 1586 to 1593 range. The crucial resistance lies between 1591 and 1593, where selling pressure may emerge if the index fails to break higher. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1576 and 1586, 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