FKLI
FKLI Spot Month Futures - 7 Jul 2025
Mon, 07-Jul-2025 08:56 am
by Dealing Team • Apex Futures

FKLI
Pivot
1550
Resistance
1554 / 1559 / 1564
Support
1545 / 1539 / 1534
Possible Range
1535 to 1555
Strategy
Long positions may be opened above 1549 with targets at 1554/1559 and stop-loss at 1544
Short positions may be opened below 1549 with targets at 1545/1539 and stop-loss at 1554

FKLI Jul month rose 3 points or 0.19% to closed higher at 1549.5. The FBM KLCI ended slightly higher on Friday, as investors remained cautious ahead of U.S. President Donald Trump’s July 9 tariff deadline.

The Dow Jones cash market was closed last Friday in observance of U.S. Independence Day. However, index futures fell during Monday morning’s session (Malaysia time) after President Donald Trump confirmed that tariffs are scheduled to take effect on August 1, rather than July 9.

Investors are expected to monitor tariff-related developments from Washington closely in the coming week, as a temporary suspension of import levies is due to expire. If the Wednesday deadline passes without renewed trade tensions, it could provide a positive boost to the markets.

The actively traded FKLI contract remains within a broader downward channel on the daily chart. However, short-term price action has shown 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 key resistance around 1,553–1,555 and support at 1,540–1,542. For today, the index is likely to undergo further technical correction, with a potential break below the support range, targeting the 1,539–1,535 zone. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1545 and 1554, respectively.

(News Source: The Star; Reuters)

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