FKLI
FKLI Spot Month Futures (PM) - 7 Jul 2025
Mon, 07-Jul-2025 02:38 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1538
Resistance
1538 / 1543 / 1549
Support
1533 / 1528 / 1524
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1533 with targets at 1538/1543 and stop-loss at 1528
Short positions may be opened below 1533 with targets at 1528/1524 and stop-loss at 1538

FKLI July month dropped 15.5 points or 1% to closed lower at 1534 on midday session. The Malaysian stock market turned negative in the early part of Monday’s session, with the blue-chip index falling 0.8% as investors engaged in profit-taking ahead of the upcoming U.S. tariffs deadline and Bank Negara’s interest rate decision later this week.

The actively traded FKLI contract continues to trend within a broader downward channel on the daily chart. However, since June 23, short-term price action has shown signs of upward momentum. While the index remains in an uptrend phase, recent movements have flattened into a sideways range, with key resistance seen at the 1,553–1,555 level. In the latest session, the index broke below the previous range of 1,542–1,540 and continued lower, forming a new resistance zone at 1,536–1,538. The current setup points toward further technical selling, with a break below the 1,533–1,534 zone likely leading to a move toward the crucial support at 1,529–1,527. If this key support holds, a technical rebound could offer a short-term buying opportunity. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1533 and 1538 respectively.

(News Source: The Star)

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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