FKLI
FKLI Spot Month Futures - 12 Jun 2025
Thu, 12-Jun-2025 09:08 am
by Dealing Team • Apex Futures

FKLI
Pivot
1518
Resistance
1524 / 1529 / 1535
Support
1516 / 1511 / 1505
Possible Range
1505 to 1535
Strategy
Long positions may be opened above 1520 with targets at 1524/1529 and stop-loss at 1515
Short positions may be opened below 1520 with targets at 1516/1511 and stop-loss at 1525

FKLI June month rose 11 points or 0.73% to closed higher at 1522. Bursa Malaysia closed significantly higher on Wednesday, supported by regional market strength and renewed optimism surrounding progress in US-China trade negotiations.

Overnight Dow Jones tick lower 1 point to closed almost flat at 42865. Wall Street stocks and the U.S. dollar declined on Wednesday, while Treasury yields softened, as markets reacted to renewed tensions in the Middle East, limited clarity on the U.S.-China trade agreement, and modest gains in U.S. consumer prices.

The actively traded FKLI contract continues to hover 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 solid support around the 1,509–1,511 zone. On the hourly chart, an upward consolidation channel remains intact, suggesting a potential "buy on retracement" strategy. Immediate support is seen at the 1,516–1,515 range, while resistance lies between 1,523 and 1,524. A breakout above this resistance could lead the index higher toward the 1,528–1,529 zone or beyond. However, failure to break above may trigger a technical correction, although any downside is likely to remain limited. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1516 and 1524, 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