FKLI
FKLI Spot Month Futures - 18 Jun 2025
Wed, 18-Jun-2025 09:05 am
by Dealing Team • Apex Futures

FKLI
Pivot
1514
Resistance
1514 / 1519 / 1524
Support
1506 / 1501 / 1495
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1510 with targets at 1514/1519 and stop-loss at 1505
Short positions may be opened below 1510 with targets at 1506/1501 and stop-loss at 1515

FKLI June month dropped 19 points or 1.24% to closed lower at 1508. The FBM KLCI ended lower on Tuesday, weighed down by continued profit-taking in heavyweight stocks and cautious investor sentiment ahead of the release of key economic data.

Overnight Dow Jones dropped 299 points to closed lower at 42215. U.S. stocks closed lower on Tuesday as the ongoing Israel-Iran conflict entered its fifth day, heightening investor anxiety amid news that the U.S. military had deployed fighter jets to the Middle East.

The actively traded FKLI contract remains near the midpoint of a broad downward channel on the daily chart. On the hourly chart, prices are rangebound within a narrow sideways formation, showing a slight upward bias. However, recent political uncertainties across regional markets have added volatility to the index, skewing the outlook toward a "sell on rebound" strategy. Immediate resistance is seen at the 1514–1515 level, while key support lies between 1505 and 1501. If this support zone holds, some buying interest may emerge; however, a break below could trigger continued selling pressure. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1506 and 1514, respectively.

(News Source: Business Today; 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