FKLI
FKLI Spot Month Futures - 26 May 2025
Mon, 26-May-2025 08:55 am
by Dealing Team • Apex Futures

FKLI
Pivot
1533
Resistance
1539 / 1546 / 1553
Support
1533 / 1526 / 1520
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1533 with targets at 1539/1546 and stop-loss at 1527
Short positions may be opened below 1533 with targets at 1526/1520 and stop-loss at 1539

FKLI May month rose 5.5 points or 0.36% to closed higher at 1533.5. The FBM KLCI ended higher on Friday, breaking a six-day losing streak, even as most regional markets remained under pressure.

Overnight Dow Jones dropped 256 points to closed lower at 41603. U.S. stocks declined on Friday, posting a weekly loss, after President Donald Trump proposed 50% tariffs on European goods, reigniting global trade tensions and triggering renewed market uncertainty.

The actively traded FKLI contract continued its downward trend in the previous session. From a broader perspective, the index remains within a descending channel and has recently broken below the key support zone at 1,539–1,541, which now acts as an important resistance area. On the hourly timeframe, some technical buying interest may emerge, potentially lifting the index back toward the resistance zone at 1,539—1541, provided it can be supported firmly above the 1,533 level. Otherwise, the selling momentum is likely to persist. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1533 and 1539, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.060398 4.090876
EUR 4.772014 4.774503
CNY 0.579057 0.579372
HKD 0.522130 0.525548
SGD 3.142987 3.163685