FKLI
FKLI Spot Month Futures - 4 Jul 2025
Fri, 04-Jul-2025 09:02 am
by Dealing Team • Apex Futures

FKLI
Pivot
1548
Resistance
1553 / 1559 / 1564
Support
1544 / 1539 / 1534
Possible Range
1540 to 1560
Strategy
Long positions may be opened above 1548 with targets at 1553/1559 and stop-loss at 1543
Short positions may be opened below 1548 with targets at 1544/1539 and stop-loss at 1553

FKLI Jul month dropped 1 point or 0.06% to closed moderately lower at 1546.5. The FBM KLCI napped a five-day winning streak on Thursday as investors locked in profits following the recent gains, despite mostly positive regional markets.

The Dow Jones index rose 344 points to closed higher at 44828 on previous session. Wall Street ended higher on Thursday, with the S&P 500 and Nasdaq hitting fresh record closes for the third straight week. The rally was driven by Nvidia’s surge toward a $4 trillion valuation and a stronger-than-expected U.S. jobs report. Investors largely brushed off reduced hopes for a rate cut this month. The Dow also gained 0.77%, closing just 0.41% below its all-time high.

The actively traded FKLI contract remains within a broader downward channel on the daily chart. However, short-term price action has shown an upward momentum since June 23. We maintain our view that the index is still in an uptrend phase, though recent movements have flattened into a sideways range, with resistance around 1554–1555 and support at 1540–1542. A breakout in either direction could determine the next move. For today, the outlook leans toward a technical correction. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1544 and 1553, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.219527 4.248909
EUR 4.898973 4.903954
CNY 0.589398 0.590015
HKD 0.537449 0.541217
SGD 3.277650 3.300651