FKLI
FKLI Spot Month Futures - 17 Jul 2025
Thu, 17-Jul-2025 08:55 am
by Dealing Team • Apex Futures

FKLI
Pivot
1512
Resistance
1512 / 1518 / 1523
Support
1506 / 1500 / 1494
Possible Range
1500 to 1530
Strategy
Long positions may be opened above 1512 with targets at 1518/1523 and stop-loss at 1507
Short positions may be opened below 1512 with targets at 1506/1500 and stop-loss at 1517

FKLI Jul month dropped 17.5 points or 1.15% to closed lower at 1505.5. The FBM KLCI closed at its intraday low on Tuesday, underperforming regional peers as selling pressure and cautious sentiment weighed on the local market, despite broad gains across major Asian bourses.

The Dow Jones index rose 231 points to closed higher at 44254 on previous session. Wall Street benchmarks ended slightly higher on Wednesday, with the Nasdaq Composite marking another record close, despite a brief period of market turbulence triggered by reports that U.S. President Donald Trump was planning to dismiss Federal Reserve Chair Jerome Powell.

On the hourly chart, the index is trending downward and reached a low of 1,505 during the previous night session. We expect mild technical buying to emerge, potentially pushing the index toward the first resistance level at the 1,510–1,512 range. A further breakout above this zone may lead to a move toward 1,516–1,518. However, if the initial resistance fails to break, renewed selling pressure could resurface. The crucial support zone remains at 1,505–1,503, which needs to hold to prevent further downside. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1506 and 1512, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.212042 4.248408
EUR 4.921000 4.929487
CNY 0.591903 0.592919
HKD 0.540309 0.544492
SGD 3.268153 3.293573