FKLI
FKLI Spot Month Futures - 11 Jun 2025
Wed, 11-Jun-2025 09:02 am
by Dealing Team • Apex Futures

FKLI
Pivot
1511
Resistance
1516 / 1521 / 1526
Support
1511 / 1505 / 1499
Possible Range
1505 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 dropped 5 points or 0.33% to closed lower at 1511. The FBM KLCI ended lower on Tuesday, dragged down by last-minute selling after fluctuating between gains and losses throughout the session.

Overnight Dow Jones rose 105 points to closed higher at 42866. The S&P 500 closed higher on Tuesday, buoyed by a rally in Tesla, as investors grew optimistic about progress in U.S.-China trade talks aimed at easing the ongoing tariff dispute that has unsettled global markets this year.

The actively traded FKLI contract continues to hover near the midpoint of a broad downward channel on the daily chart. After experiencing persistent selling pressure from May 15 to June 3, the index found support around the 1,498–1,497 zone. Additional support is now seen at the 1,509–1,511 range, which could continue to offer a short-term buying opportunity toward the 1,520–1,521 resistance zone or further higher. However, failure to hold above this support may trigger renewed selling pressure. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1511 and 1516, 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