FKLI
FKLI Spot Month Futures - 11 Jul 2025
Fri, 11-Jul-2025 09:03 am
by Dealing Team • Apex Futures

FKLI
Pivot
1531
Resistance
1542 / 1548 / 1554
Support
1536 / 1531 / 1526
Possible Range
1530 to 1555
Strategy
Long positions may be opened above 1536 with targets at 1542/1548 and stop-loss at 1531
Short positions may be opened below 1536 with targets at 1531/1526 and stop-loss at 1541

FKLI Jul month rose 12.5 points or 0.82% to closed higher at 1536.5. After three straight days of losses, the FBM KLCI rebounded on Thursday, ending at its intraday high as bargain hunting lifted selected blue chips.

The Dow Jones index rose 192 points to closed higher at 44650 on previous session. The S&P 500 and Nasdaq Composite edged higher to record closing highs on Thursday, lifted by a positive outlook from Delta Air Lines and a fresh all-time high for Nvidia. Investors largely shrugged off President Donald Trump's latest tariff announcements, focusing instead on strong corporate performance.

The actively traded FKLI contract continues to trend within a broader downward channel on the daily chart, with key resistance located at the 1,560–1,565 range. On the hourly chart, upward momentum has been building since June 23. In the previous session, the index fell to a low of 1,520 but later recovered, completing what appears to be a technical correction. The index then found support above the 1,536–1,538 zone, which may serve as a base for further upside. We identify the next resistance at 1,542–1,545. A break above this range could open the path toward the 1,553–1,555 area. However, if this resistance holds, selling pressure may return, though the downside is likely limited given the current upward bias. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1536 and 1542, respectively.

(News Source: The Star; Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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