FKLI
FKLI Spot Month Futures (PM) - 8 Jul 2025
Tue, 08-Jul-2025 02:29 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1531
Resistance
1532 / 1537 / 1543
Support
1527 / 1523 / 1518
Possible Range
1520 to 1550
Strategy
Long positions may be opened above 1532 with targets at 1537/1543 and stop-loss at 1527
Short positions may be opened below 1532 with targets at 1527/1523 and stop-loss at 1537

FKLI July month dropped 1 point or 0.07% to closed slightly lower at 1531.5 on midday session. The Malaysian stock market remained underwater at midday, lagging behind key Asian markets that took heart there was time left to negotiate a better tariff rate with the Trump administration.

The actively traded FKLI contract remains within a broader downward channel on the daily chart, with key resistance located in the 1,560–1,565 range. On the hourly chart, upward momentum has been building since June 23. Sentiment has turned neutral, with selling pressure easing after the index found support at the 1,527–1,529 zone.

We observed renewed buying interest, and for the rest of the session, the market is expected to move sideways within a range. The immediate resistance is seen at 1,538–1,539, while the support remains at 1,527–1,528. A breakout above the resistance could pave the way for further upside. As long as the index holds above the 1,527–1,529 support zone, the short-term uptrend remains intact. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1527 and 1532 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.231055 4.263804
EUR 4.979682 4.983636
CNY 0.591415 0.591888
HKD 0.539065 0.542720
SGD 3.309111 3.331706