FKLI
FKLI Spot Month Futures - 10 Jul 2025
Thu, 10-Jul-2025 08:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1528
Resistance
1528 / 1533 / 1538
Support
1523 / 1518 / 1514
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1528 with targets at 1533/1538 and stop-loss at 1523
Short positions may be opened below 1528 with targets at 1523/1518 and stop-loss at 1533

FKLI Jul month dropped 10.5 points or 0.68% to closed lower at 1524. The FBM KLCI extended its decline for a third straight session, weighed down by banking stocks following Bank Negara’s cut in the overnight policy rate (OPR).

The Dow Jones index rose 217 points to closed higher at 44458 on previous session. Major stock indexes advanced on Wednesday, buoyed by Nvidia’s brief climb to a $4-trillion valuation. Meanwhile, the euro weakened slightly as the Trump administration moved closer to securing a trade agreement with the European Union. In addition, President Donald Trump issued final tariff notices to seven smaller trading partners.

The actively traded FKLI contract continues to trade within a broader downward channel on the daily chart, with key resistance seen at the 1,560–1,565 range. On the hourly chart, upward momentum has been building since June 23. However, sentiment has turned mildly bearish after the index failed to hold above the 1,527–1,529 range, which now acts as immediate resistance. Further technical selling may lead the index toward the next support at 1,520–1,517. If this support holds, a rebound toward 1,527–1,528 is possible. However, a break below could trigger further downside bias. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1523 and 1528, respectively.

 

(News Source: The Star; 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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