FKLI
FKLI Spot Month Futures - 3 Jul 2025
Thu, 03-Jul-2025 08:31 am
by Dealing Team • Apex Futures

FKLI
Pivot
1547
Resistance
1554 / 1560 / 1566
Support
1547 / 1542 / 1536
Possible Range
1535 to 1565
Strategy
Long positions may be opened above 1547 with targets at 1554/1560 and stop-loss at 1541
Short positions may be opened below 1547 with targets at 1542/1536 and stop-loss at 1553

FKLI Jul month rose 4.5 points or 0.29% to closed higher at 1547.5. The FBM KLCI extended its winning streak to a fifth straight session on Wednesday, lifted by blue-chip gains amid mixed regional sentiment.

The Dow Jones index dropped 10 points to closed moderately lower at 44484 on previous session. The S&P 500 and Nasdaq ended at record highs on Wednesday, driven by strength in technology stocks and a trade deal between the U.S. and Vietnam that helped ease concerns over extended trade tensions. Meanwhile, the Dow Jones Industrial Average closed slightly lower but stayed within 1.18% of its December 4 record.

The actively traded FKLI contract continues to trade within a broader downward channel on the daily chart. However, the short-term time frame has shown an uptrend momentum since June 23 up to the previous session. We maintain a buy-on-retracement strategy, with immediate support identified at the 1,547–1,545 range. A break above this level may see the index climbing toward 1,554 or even 1,560. Conversely, if support fails to hold, a correction may bring the index down to 1,542 or as low as 1,536. Overall, our outlook remains upside-biased. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1547 and 1554, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.214000 4.246402
EUR 4.933065 4.941517
CNY 0.592554 0.593580
HKD 0.540322 0.544498
SGD 3.273088 3.298512