FKLI
FKLI Spot Month Futures - 3 Jun 2025
Tue, 03-Jun-2025 09:08 am
by Dealing Team • Apex Futures

FKLI
Pivot
1503
Resistance
1507 / 1512 / 1518
Support
1503 / 1497 / 1492
Possible Range
1495 to 1515
Strategy
Long positions may be opened above 1507 with targets at 1512/1518 and stop-loss at 1502
Short positions may be opened below 1507 with targets at 1503/1497 and stop-loss at 1512

FKLI June month dropped 24 point or 1.58% to closed lower at 1496. Despite a broad rally across regional markets following a U.S. trade court’s decision to block President Donald Trump’s sweeping tariffs, the FBM KLCI extended its decline, closing in the red for the fourth straight session on Friday.

Overnight Dow Jones rose 35 points to closed moderately higher at 42305. Wall Street closed higher on Monday after a volatile session, while the dollar weakened amid escalating trade tensions between Washington and Beijing. Investors remained cautious ahead of upcoming U.S. employment data and a widely anticipated interest rate cut by the European Central Bank. 

The market continues to exhibit bearish momentum, with a 'sell-on-rebound' strategy remaining the preferred approach. Some technical buying may emerge after the recent sell-off, with potential rebound resistance seen around the 1,511–1,512 zone, which could offer a selling opportunity. Immediate resistance is noted at 1,506–1,507; a decisive break above this level may lift the index toward 1,512 or higher. However, failure to break above this resistance could trigger renewed selling pressure. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1503 and 1507, 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