FKLI
FKLI Spot Month Futures (PM) - 12 Jun 2025
Thu, 12-Jun-2025 02:31 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1520
Resistance
1526 / 1531 / 1536
Support
1520 / 1516 / 1510
Possible Range
1505 to 1535
Strategy
Long positions may be opened above 1520 with targets at 1526/1531 and stop-loss at 1515
Short positions may be opened below 1520 with targets at 1516/1510 and stop-loss at 1525

FKLI June month dropped 0.5 point to closed almost flat at 1521.5 on midday session. Bursa Malaysia closed higher yesterday, as investors maintained a cautiously optimistic outlook following the announcement of a U.S.-China trade framework agreement that includes provisions on technology trade

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 1,520–1,518 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. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1520 and 1526 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