FKLI
FKLI Spot Month Futures - 20 Jun 2025
Fri, 20-Jun-2025 09:07 am
by Dealing Team • Apex Futures

FKLI
Pivot
1499
Resistance
1499 / 1504 / 1509
Support
1494 / 1489 / 1484
Possible Range
1480 to 1510
Strategy
Long positions may be opened above 1499 with targets at 1504/1509 and stop-loss at 1494
Short positions may be opened below 1499 with targets at 1494/1489 and stop-loss at 1504

FKLI June month dropped 15.5 points or 1.03% to closed lower at 1494.5. The FBM KLCI closed lower on Thursday, reflecting a cautious market tone as investors remained concerned over tensions in the Middle East and the lack of new domestic catalysts. 

The Dow cash market was closed in the previous session for the Juneteenth holiday. Meanwhile, stock futures traded lower ahead of Friday’s session as investors closely watched rising tensions in the Middle East between Iran and Israel, along with concerns over potential U.S. involvement.

The actively traded FKLI contract remains in a bearish momentum, though it is still trading within the midrange of a broad downward channel. After failing to hold above the key support zone at 1,504–1,505, the index extended its decline. We reckon a sell-on-rebound strategy as the primary approach. However, some technical buying may emerge, with a potential rebound toward the resistance zone at 1,499–1,502 — where selling pressure is likely to return. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1494 and 1499, respectively.

(News Source: The Star, CNBC)

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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
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