FKLI
FKLI Spot Month Futures - 27 May 2025
Tue, 27-May-2025 08:46 am
by Dealing Team • Apex Futures

FKLI
Pivot
1532
Resistance
1539 / 1546 / 1552
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 1 point or 0.07% to closed almost flat at 1534.5. Bursa Malaysia closed slightly lower on Monday, as the benchmark index dipped amid a mixed performance in regional markets.

The Dow Jones cash market was closed overnight in observance of Memorial Day, however, U.S. stock futures jumped Monday night after President Donald Trump announced over the holiday weekend that he had agreed to delay imposing 50% tariffs on the European Union.

The active FKLI contract continues to trade below the support line of its downward channel, with the 1538–1540 zone now acting as resistance, maintaining a bearish bias. On the shorter timeframe, the index is consolidating within a narrow sideways range, with resistance at 1538–1540 and support at 1525–1526. A breakout in either direction could signal the next move; otherwise, sideways trading may 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