FKLI
FKLI Spot Month Futures - 18 Jul 2025
Fri, 18-Jul-2025 08:56 am
by Dealing Team • Apex Futures

FKLI
Pivot
1516
Resistance
1531 / 1536 / 1542
Support
1521 / 1516 / 1511
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1526 with targets at 1531/1536 and stop-loss at 1521
Short positions may be opened below 1526 with targets at 1521/1516 and stop-loss at 1531

FKLI Jul month rose 17.5 points or 1.16% to closed higher at 1523. The FBM KLCI finished higher today, mirroring gains across regional markets as investors showed renewed confidence amid improving sentiment.

The Dow Jones index rose 229 points to closed higher at 44484 on previous session. The S&P 500 and Nasdaq Composite both closed at record highs on Thursday, lifted by strong economic data and upbeat earnings that signaled continued consumer spending strength. The Nasdaq has now recorded a new high in six of the last seven sessions, while the S&P 500 has posted six record finishes since June 27.

The actively traded FKLI contract remains in a broader downward trend. However, on the hourly chart, the index recently experienced technical buying interest after testing the support range of 1502–1500. This indicates continued buying momentum, with potential for the index to climb towards the resistance zone at 1530–1532. A breakout above this resistance may open room for further upside, but if the level fails to break, selling pressure may re-emerge from that point. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1521 and 1531, 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