FKLI
FKLI Spot Month Futures - 19 May 2025
Mon, 19-May-2025 08:58 am
by Dealing Team • Apex Futures

FKLI
Pivot
1572
Resistance
1572 / 1577 / 1584
Support
1566 / 1560 / 1553
Possible Range
1550 to 1580
Strategy
Long positions may be opened above 1566 with targets at 1572/1577 and stop-loss at 1560
Short positions may be opened below 1566 with targets at 1560/1553 and stop-loss at 1572

FKLI May month dropped 7.5 points or 0.48% to closed lower at 1567. Bursa Malaysia ended the week slightly lower, mirroring the weakness in key regional markets, as continued profit-taking kept the market in consolidation mode.

Overnight Dow Jones rose 331 points to closed higher at 42322. Wall Street's major indexes rose for a fifth consecutive session on Friday, supported by optimism from the U.S.-China tariff truce earlier in the week, despite economic survey data revealing a dip in consumer sentiment.

The actively traded FKLI contract closed lower in the previous session. From a broader perspective, the index remains within a downward channel and is currently hovering near the resistance zone of that channel. On the hourly chart, the price continues to consolidate sideways, with resistance seen at 1584–1586 and support at 1560–1562. Immediate support lies at 1566–1567 — if this level holds, a buying opportunity may emerge. However, a break below this support could trigger further selling. Overall, we maintain our primary strategy of "sell on rebound" for the upcoming session. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1566 and 1572, 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