FKLI
FKLI Spot Month Futures - 25 Jun 2025
Wed, 25-Jun-2025 09:00 am
by Dealing Team • Apex Futures

FKLI
Pivot
1514
Resistance
1524 / 1529 / 1534
Support
1516 / 1511 / 1506
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 7 points or 0.46% to closed higher at 1515.5. The FBM KLCI closed lower on Tuesday, diverging from regional markets, despite broad-based gains. Meanwhile, the ringgit recorded its largest single-day advance in nearly seven weeks against the US dollar, following U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran.

 

The Dow Jones index rose 507 points to closed higher at 43089 on previous session. U.S. stocks climbed more than 1% on Tuesday, buoyed by relief over a tentative truce between Israel and Iran, while investors closely monitored Federal Reserve Chair Jerome Powell’s congressional testimony for signals on future monetary policy. All three major indexes recorded a second consecutive session of strong gains after recent U.S. missile strikes targeted Iran’s uranium enrichment facilities.

 

The actively traded FKLI contract continued its upward movement, supported by positive regional sentiment. While the broader trend remains within a downward channel, the short-term outlook reflects a sideways consolidation with an upward bias. The index may potentially test the immediate resistance zone at 1,523–1,524. A breakout above this level could see prices extend higher toward 1,528–1,529. However, failure to break the resistance may trigger selling pressure. Immediate support is seen at 1,514–1,516. 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 4.210973 4.249411
EUR 4.954495 4.965490
CNY 0.589445 0.590817
HKD 0.536642 0.541158
SGD 3.306006 3.333319