FKLI
FKLI Spot Month Futures - 9 Jun 2025
Mon, 09-Jun-2025 09:15 am
by Dealing Team • Apex Futures

FKLI
Pivot
1510
Resistance
1516 / 1521 / 1526
Support
1510 / 1504 / 1499
Possible Range
1495 to 1525
Strategy
Long positions may be opened above 1516 with targets at 1521/1526 and stop-loss at 1511
Short positions may be opened below 1516 with targets at 1510/1504 and stop-loss at 1521

FKLI June month dropped 12 points or 0.79% to closed lower at 1506.5. Bursa Malaysia closed the week slightly lower on last Friday, following the weak performance across regional markets, especially among emerging economies.

Overnight Dow Jones rose 443 points to closed higher at 42762. U.S. stocks ended higher on Friday after a stronger-than-expected jobs report eased concerns about the economic outlook. Tesla rebounded, recovering some ground following a steep decline in the previous session. The S&P 500 closed above the 6,000 mark for the first time since February 21, driven by gains in technology stocks.

The actively traded FKLI contract is currently trading near the midpoint of a broad downward channel on the daily chart. After encountering consistent selling pressure from May 15 to June 3, the index found support around the 1,498–1,497 level, suggesting potential for a technical rebound. On the hourly chart, a minor upward channel has formed, with the index showing support around the 1,505–1,507 zone. If the 1,515–1,516 range holds firmly, the index may continue its upward bias, potentially testing 1,521 and possibly extending gains toward the 1,526 level. Else, if the 1,515–1,516 range fails to hold, the index is likely to face renewed selling pressure from that zone. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1510 and 1516, respectively.

(News Source: NST; 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