FKLI
FKLI Spot Month Futures (PM) - 28 May 2025
Wed, 28-May-2025 02:31 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1528
Resistance
1528 / 1533 / 1539
Support
1522 / 1517 / 1512
Possible Range
1520 to 1540
Strategy
Long positions may be opened above 1528 with targets at 1533/1539 and stop-loss at 1523
Short positions may be opened below 1528 with targets at 1522/1517 and stop-loss at 1533

FKLI May month closed flat at 1527 on midday session. The FTSE Bursa Malaysia KLCI (FBM KLCI) edged slightly higher at midday, as bargain-hunting activities were balanced by cautious sentiment due to ongoing global uncertainties.

The actively traded FKLI contract remained unchanged, continuing to trade within a narrow range. On the hourly chart, the index is moving sideways, while on a broader scale, it remains in the middle of a downward channel. Key support is seen at the 1525–1526 zone, where the index is attempting to stabilize. Immediate resistance lies at the 1531–1533 range. A breakout above this resistance may lead to further upside, but failure to do so could keep the index locked in a sideways pattern. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1522 and 1528 respectively.

(News Source: The Star)

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Market Mover
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