FKLI
FKLI Spot Month Futures - 9 Jul 2025
Wed, 09-Jul-2025 08:53 am
by Dealing Team • Apex Futures

FKLI
Pivot
1532
Resistance
1532 / 1537 / 1542
Support
1527 / 1523 / 1518
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1532 with targets at 1537/1542 and stop-loss at 1527
Short positions may be opened below 1532 with targets at 1527/1523 and stop-loss at 1537

FKLI Jul month rose 2 points or 0.13% to closed higher at 1534.5. The FBM KLCI ended lower for a second straight session on Tuesday, bucking the regional uptrend, as investor sentiment remained cautious amid renewed concerns over US tariffs, according to analysts.

The Dow Jones index dropped 165 points to closed lower at 44240 on previous session. Major stock indexes mostly edged lower on Tuesday, while U.S. copper prices surged to a record high after President Donald Trump announced a 50% tariff on imported copper, expanding the scope of his global trade war. He also indicated that additional tariffs on semiconductors and pharmaceuticals would be introduced soon.

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 developing since June 23. Sentiment has stayed neutral since the previous session, as selling pressure eased after the index found support at the 1,527–1,529 zone. Currently trading in a narrow range, we anticipate further technical buying, potentially pushing the index toward the 1,536–1,538 area — a crucial resistance level. If this resistance fails to hold, renewed selling pressure may emerge from that point. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1527 and 1532, respectively.

(News Source: NST; Reuters)

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Market Mover
Settlement Rates
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EUR 4.979682 4.983636
CNY 0.591415 0.591888
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