FKLI
FKLI Spot Month Futures - 17 Jun 2025
Tue, 17-Jun-2025 08:55 am
by Dealing Team • Apex Futures

FKLI
Pivot
1521
Resistance
1527 / 1532 / 1537
Support
1521 / 1516 / 1511
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1521 with targets at 1527/1532 and stop-loss at 1516
Short positions may be opened below 1521 with targets at 1516/1511 and stop-loss at 1526

FKLI June month rose 15 points or 0.99% to closed higher at 1527. The FBM KLCI closed slightly higher on Monday, tracking regional markets, as investor sentiment remained subdued in the absence of strong market catalysts.

Overnight Dow Jones rose 317 points to closed higher at 42515. Stock indexes ended higher on Monday, rebounding from last week’s losses, as investor sentiment improved following reports that Iran was seeking to ease tensions with Israel. A $1 drop in oil prices and optimism ahead of a week filled with key central bank meetings also supported the market.

The actively traded FKLI contract continues to hover near the midpoint of a broad downward channel on the daily chart. On the hourly chart, prices remain rangebound within a narrow sideways pattern with a slight upward bias. To sustain this momentum, key support lies at the 1515–1516 zone. A break below this level may trigger further downside toward the next support area at 1511–1512. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1521 and 1527, respectively.

(News Source: The Star; Reuters)

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Market Mover
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