FKLI
FKLI Spot Month Futures - 22 May 2025
Thu, 22-May-2025 09:02 am
by Dealing Team • Apex Futures

FKLI
Pivot
1546
Resistance
1540 / 1546 / 1552 / 1520
Support
1535 / 1530 / 1524
Possible Range
1520 to 1550
Strategy
Long positions may be opened above 1540 with targets at 1546/1552 and stop-loss at 1535
Short positions may be opened below 1540 with targets at 1535/1530 and stop-loss at 1545

FKLI May month dropped 2.5 points or 0.16% to closed lower at 1545. Despite opening higher at the start of the trading day, the FBM KLCI came under selling pressure and extended its losing streak for a fifth straight session on Wednesday.

Overnight Dow Jones plunged 816 points to closed lower at 41860. U.S. stocks ended sharply lower on Wednesday as a surge in Treasury yields sparked concerns that President Donald Trump’s proposed tax-cut bill could add trillions to the national debt if passed by Congress.

The actively traded FKLI contract continued to trade lower in the previous session. From a broader perspective, the index remains within a downward channel and has recently broken below the key support zone at 1,540–1,541, which now acts as a significant resistance area. Current resistance is seen around 1,536–1,538. We maintain a sell-on-rebound strategy, as a break below the support level could potentially push the index toward 1,530, with further downside targets at 1,526–1,524. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1535 and 1540, respectively.

(News Source: The Star; Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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