FKLI
FKLI Spot Month Futures - 15 Jul 2025
Tue, 15-Jul-2025 08:55 am
by Dealing Team • Apex Futures

FKLI
Pivot
1531
Resistance
1538 / 1543 / 1548
Support
1532 / 1527 / 1522
Possible Range
1525 to 1550
Strategy
Long positions may be opened above 1538 with targets at 1543/1548 and stop-loss at 1533
Short positions may be opened below 1538 with targets at 1532/1526 and stop-loss at 1543

FKLI Jul month rose 1 point or 0.07% to closed moderately higher at 1533. The FBM KLCI ended slightly higher on Monday as renewed U.S. tariff threats kept investors cautious, driving demand for safe-haven assets like gold, which touched a three-week high.

The Dow Jones index rose 88 points to closed higher at 44459 on previous session. Wall Street ended slightly higher on Monday, as investors remained cautious following U.S. President Donald Trump's renewed tariff threats. Market participants largely stayed on the sidelines ahead of a busy week filled with economic data and the kickoff of earnings season. Over the weekend, Trump escalated trade tensions by pledging to impose a 30% tariff on most imports from the European Union and Mexico starting August 1, putting pressure on negotiators to secure last-minute trade agreements.

The actively traded FKLI contract continues to move within a broader downward channel on the daily chart, with key resistance located at the 1,560–1,565 range. On the hourly chart, the index displays an upward bias, currently hovering near the immediate support zone of 1,532 to 1,531. We maintain a buy-on-retracement strategy as our primary plan. Resistance is identified at the 1,536–1,538 range; a decisive break above this level could see the index climb further toward the 1,545–1,550 area. Conversely, failure to breach resistance may trigger a pullback with limited downside. Crucial support remains at 1,529–1,527 to sustain the current upward momentum. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1532 and 1538, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.222386 4.255930
EUR 4.950507 4.955569
CNY 0.590451 0.591043
HKD 0.538585 0.542229
SGD 3.297685 3.320900