FKLI
FKLI Spot Month Futures (PM) - 19 May 2025
Mon, 19-May-2025 02:30 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1560
Resistance
1560 / 1566 / 1572
Support
1553 / 1548 / 1543
Possible Range
1535 to 1565
Strategy
Long positions may be opened above 1560 with targets at 1566/1572 and stop-loss at 1555
Short positions may be opened below 1560 with targets at 1553/1548 and stop-loss at 1565

FKLI May month dropped 10.5 points or 0.67% to closed lower at 1556.5 on midday session. The selling pressure observed last week carried over into this week, as investors remained cautious while awaiting fresh catalysts from upcoming corporate earnings over the next two weeks.

The actively traded FKLI contract closed lower in the previous session. From a broader perspective, the index continues to trade within a downward channel and has recently broken below a key support zone at the 1560–1562 range, which now acts as a resistance area. We maintain our primary "sell on rebound" strategy for the upcoming session, as long as the index fails to break back above this resistance. However, if a recovery pushes the index above this resistance level, a buy opportunity may be considered. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1553 and 1560 respectively.

(News Source: The Star)

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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