FKLI
FKLI Spot Month Futures - 29 May 2025
Thu, 29-May-2025 08:50 am
by Dealing Team • Apex Futures

FKLI
Pivot
1527
Resistance
1532 / 1538 / 1543
Support
1527 / 1522 / 1517
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1532 with targets at 1538/1543 and stop-loss at 1527
Short positions may be opened below 1532 with targets at 1527/1522 and stop-loss at 1537

FKLI May month dropped 1 point or 0.07% to closed slightly lower at 1526. Last-minute selling pressure dragged the FBM KLCI into negative territory on Wednesday, after fluctuating between gains and losses throughout the trading session.

Overnight Dow Jones dropped 244 points to closed lower at 42098. U.S. stock indexes ended lower on Wednesday as investors assessed the latest Federal Reserve meeting minutes, while a late-session decline in chip designer stocks added to the downward pressure.

The actively traded FKLI contract continued to move within a narrow range. On the hourly chart, the index is consolidating sideways, while from a broader perspective, it remains positioned around the midpoint of a downward channel. Key support is identified at the 1525–1526 zone, where the index is attempting to find footing. Immediate resistance is located at the 1531–1533 range—a breakout above this level may open the door for further upside, while a failure to breach it could see the index remain range-bound. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1527 and 1532, 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