FKLI
FKLI Spot Month Futures - 21 Jul 2025
Mon, 21-Jul-2025 09:01 am
by Dealing Team • Apex Futures

FKLI
Pivot
1527
Resistance
1527 / 1531 / 1536
Support
1523 / 1519 / 1514
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1523 with targets at 1527/1531 and stop-loss at 1518
Short positions may be opened below 1523 with targets at 1519/1514 and stop-loss at 1528

FKLI Jul month rose 4.5 points or 0.30% to closed higher at 1527.5. The FBM KLCI rose for the second consecutive day on Friday, supported by positive second-quarter gross domestic product (GDP) data and a mixed regional market backdrop.

The Dow Jones index dropped 142 points to closed lower at 44342 on previous session. The S&P 500 and Nasdaq Composite closed largely unchanged on Friday, recovering from a brief decline following a Financial Times report that U.S. President Donald Trump was advocating for significant new tariffs on European Union goods.

The actively traded FKLI contract remains in a broader downward trend. However, on the hourly chart, the index recently saw technical buying interest after testing the support range of 1502–1500. The subsequent movement faced resistance around the 1530–1527 zone and has since traded lower. We anticipate the index to remain in a neutral, sideways range, with crucial support seen at 1520–1519. Holding above this level may attract fresh buying interest. However, if this key support fails to hold, further downside toward the 1514–1515 area could be expected. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1523 and 1527, 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 4.212042 4.248408
EUR 4.921000 4.929487
CNY 0.591903 0.592919
HKD 0.540309 0.544492
SGD 3.268153 3.293573