FKLI
FKLI Spot Month Futures - 10 Jun 2025
Tue, 10-Jun-2025 09:06 am
by Dealing Team • Apex Futures

FKLI
Pivot
1516
Resistance
1516 / 1521 / 1526
Support
1511 / 1505 / 1499
Possible Range
1495 to 1525
Strategy
Long positions may be opened above 1511 with targets at 1516/1521 and stop-loss at 1506
Short positions may be opened below 1511 with targets at 1505/1499 and stop-loss at 1516

FKLI June month rose 9.5 points or 0.63% to closed higher at 1516. Bursa Malaysia ended the trading day in positive territory on Monday, supported by investor accumulation in selected heavyweight stocks, as market participants awaited the outcome of high-level US-China talks. 

Overnight Dow Jones declined 1 point to closed almost flat at 42761. Global stocks advanced on Monday, while the U.S. dollar weakened, as the United States and China began talks in London aimed at easing tensions in their ongoing trade dispute. The conflict, which has escalated beyond tariff exchanges to include restrictions on rare earth elements, poses risks to global supply chains and could hamper worldwide economic growth.

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

On the hourly chart, the index is encountering resistance around the 1,520–1,521 range, with price action now moving sideways. Immediate support is identified at the 1,510–1,511 zone. Holding above this level could offer a short-term buying opportunity, while a breakdown below it may trigger further selling pressure toward the 1,504–1,505 region. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1511 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