FKLI
FKLI Spot Month Futures - 20 May 2025
Tue, 20-May-2025 08:57 am
by Dealing Team • Apex Futures

FKLI
Pivot
1557
Resistance
1562 / 1567 / 1572
Support
1557 / 1552 / 1547
Possible Range
1550 to 1580
Strategy
Long positions may be opened above 1557 with targets at 1562/1567 and stop-loss at 1552
Short positions may be opened below 1557 with targets at 1552/1547 and stop-loss at 1562

FKLI May month dropped 14 points or 0.89% to closed lower at 1553. The FBM KLCI closed lower on Monday, tracking the subdued performance across Asian markets as sentiment was dampened by weak economic data from China and the recent downgrade of the United States’ sovereign credit rating.

Overnight Dow Jones rose 137 points to closed higher at 42792. U.S. stocks ended largely flat on Monday, as market sentiment was weighed down by the downgrade of the federal government's once-perfect sovereign credit rating due to its substantial debt burden.

The actively traded FKLI contract closed lower in the previous session. From a broader perspective, the index remains within a downward channel and has recently broken below a crucial support zone at 1567–1566, which now serves as resistance. We maintain a sell-on-rebound strategy as long as the index stays below this resistance. However, a break above this level may signal a potential buying opportunity. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1557 and 1562, 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