FKLI
FKLI Spot Month Futures (PM) - 9 Jun 2025
Mon, 09-Jun-2025 02:31 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1516
Resistance
1521 / 1526 / 1531
Support
1514 / 1509 / 1504
Possible Range
1505 to 1530
Strategy
Long positions may be opened above 1514 with targets at 1521/1526 and stop-loss at 1505
Short positions may be opened below 1514 with targets at 1509/1504 and stop-loss at 1519

FKLI June month rose 9.5 points or 0.63% to closed higher at 1516 on midday session. Bursa Malaysia ended the morning session on a firmer note, with the FBM KLCI inching higher amid cautious market sentiment and persistent external headwinds.

The actively traded FKLI contract is currently trading near the midpoint of a broad downward channel on the daily chart. Following persistent selling pressure from May 15 to June 3, the index found support around the 1,498–1,497 level, indicating the potential for a technical rebound.

On the hourly chart, a minor upward channel has emerged, with support identified around the 1,505–1,507 zone. We maintain our view that if the 1,515–1,516 range holds firmly, the index may sustain its upward bias, potentially testing 1,521 and possibly extending gains toward the 1,526 level. However, if the 1,515–1,516 range fails to hold, the index is likely to come under renewed selling pressure from that zone. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1514 and 1521 respectively.

(News Source: The Star)

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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