FKLI
FKLI Spot Month Futures - 28 May 2025
Wed, 28-May-2025 09:01 am
by Dealing Team • Apex Futures

FKLI
Pivot
1528
Resistance
1533 / 1539 / 1545
Support
1528 / 1522 / 1517
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1533 with targets at 1539/1545 and stop-loss at 1528
Short positions may be opened below 1533 with targets at 1528/1522 and stop-loss at 1538

FKLI May month dropped 7.5 points or 0.49% to closed lower at 1527. The FBM KLCI ended lower for the second straight session, pressured by cautious investor sentiment amid mixed performances across regional markets.

Overnight Dow Jones surged 740 points to closed higher at 42343. Wall Street surged on Tuesday, fueled by renewed investor risk appetite following U.S. President Donald Trump's latest tariff reprieve and a surprise jump in consumer confidence. A broad-based rally lifted all three major U.S. indexes, with the tech-heavy Nasdaq leading the charge, driven by strong gains in the AI-focused "Magnificent Seven" momentum stocks.

The actively traded FKLI contract continued to trend lower, breaking below the key support zone of 1531–1533, which now acts as a resistance level for any potential rebound. However, the overnight rally on Wall Street may lift market sentiment locally, potentially triggering technical buying. A breakout above the resistance could pave the way for further gains toward the 1539 level. Conversely, failure to break above may lead to renewed selling pressure, with support seen around the 1528–1526 range. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1528 and 1533, 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