FKLI
FKLI Spot Month Futures - 4 Jun 2025
Wed, 04-Jun-2025 09:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1498
Resistance
1500 / 1506 / 1511
Support
1495 / 1489 / 1483
Possible Range
1485 to 1515
Strategy
Long positions may be opened above 1500 with targets at 1506/1511 and stop-loss at 1495
Short positions may be opened below 1500 with targets at 1495/1489 and stop-loss at 1505

FKLI June month rose 2.5 point or 0.17% to closed higher at 1498.5. Bursa Malaysia opened higher on Wednesday, supported by regional optimism and modest positive cues from global markets overnight.

Overnight Dow Jones rose 214 points to closed higher at 42519. U.S. stock indexes ended higher on Tuesday, led by gains in Nvidia and other chipmakers, as investors looked ahead to potential trade talks for clarity on Washington’s tariff plans.

The actively traded FKLI contract remains in a downtrend after failing to stay above the 1,500–1,502 zone. The overall bias stays bearish, favoring sell-on-rebound strategies. Immediate support is seen at 1,496–1,495 — a break below this zone could trigger further selling pressure, potentially pushing the index toward 1,489 or even 1,483. If supported at these levels, some technical buying may emerge, though upside is expected to remain limited. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1495 and 1500, respectively.

(News Source: Business Today, 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