FKLI
FKLI Spot Month Futures - 8 Jul 2025
Tue, 08-Jul-2025 08:50 am
by Dealing Team • Apex Futures

FKLI
Pivot
1538
Resistance
1532 / 1537 / 1543
Support
1524 / 1519 / 1514
Possible Range
1520 to 1550
Strategy
Long positions may be opened above 1529 with targets at 1532/1537 and stop-loss at 1524
Short positions may be opened below 1529 with targets at 1524/1519 and stop-loss at 1534

FKLI Jul month dropped 17 points or 1.10% to closed lower at 1532.5. The FBM KLCI fell sharply on Monday as weak market sentiment and caution ahead of key macroeconomic events drove a broad-based selloff, with losers outpacing gainers by nearly three-to-one.

The Dow Jones index dropped 422 points to closed lower at 44406 on previous session. Major stock indexes fell and the U.S. dollar strengthened on Monday after President Donald Trump announced significantly higher tariffs on imports from Japan, South Korea, and other countries, marking the latest escalation in the ongoing U.S. trade war. 

The actively traded FKLI contract remains within a broader downward channel on the daily chart, with a crucial resistance zone seen at the 1,560–1,565 range. On the hourly chart, upward momentum has been building since June 23. However, we maintain our view that selling pressure may persist, following negative sentiment from the overnight U.S. market. Key support is located at 1,524, with the potential to test a lower level at 1,520. If the lowest support zone of 1,520 to 1,519 holds, it could provide a base for a technical rebound. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1524 and 1532, respectively.

(News Source: The Star; Reuters)

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