FKLI
FKLI Spot Month Futures - 1 Jul 2025
Tue, 01-Jul-2025 08:56 am
by Dealing Team • Apex Futures

FKLI
Pivot
1534
Resistance
1535 / 1540 / 1545
Support
1529 / 1524 / 1519
Possible Range
1505 to 1545
Strategy
Long positions may be opened above 1535 with targets at 1540/1545 and stop-loss at 1530
Short positions may be opened below 1535 with targets at 1529/1524 and stop-loss at 1540

FKLI Jul month rose 3 points or 0.20% to closed moderately higher at 1533. The FBM KLCI ended the second quarter on a positive note, with the FBM KLCI recording modest gains despite cautious investor sentiment. Meanwhile, the ringgit strengthened to a one-month high against the US dollar.

The Dow Jones index rose 275 points to closed higher at 44094 on previous session. The S&P 500 and Nasdaq closed at record highs on Monday, wrapping up their strongest quarter in over a year. Optimism over potential trade deals and interest rate cuts helped ease investor concerns. For the quarter, the S&P 500 rose 10.57%, the Nasdaq jumped 17.75%, the Dow gained 4.98%, and the Russell 2000 Small Cap Index advanced 8.28%.

The actively traded FKLI contract remains within a broad downward channel on the daily chart. In the short term, the index shows signs of sideways consolidation with an upward bias. It is currently trading above the previous consolidation top at the 1,528–1,529 range, which now acts as a key support zone to sustain the upward movement. If this support holds, the index may climb toward the 1,543–1,545 resistance area. However, a break below this support could trigger a decline toward 1,524 or even as low as 1,519. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1529 and 1535, respectively.

(News Source: The Star; Reuters)

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Market Mover
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