FKLI
FKLI Spot Month Futures - 22 Jul 2025
Tue, 22-Jul-2025 09:09 am
by Dealing Team • Apex Futures

FKLI
Pivot
1523
Resistance
1525 / 1531 / 1536
Support
1519 / 1514 / 1509
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1519 with targets at 1525/1531 and stop-loss at 1514
Short positions may be opened below 1519 with targets at 1514/1509 and stop-loss at 1524

FKLI Jul month dropped 2.5 points or 0.16% to closed lower at 1525. The FBM KLCI ended slightly lower on Monday, bucking gains in regional markets, as profit-taking in select blue chips dragged the FBM KLCI into the red.

The Dow Jones index dropped 19 points to closed slightly lower at 44323 on previous session. Wall Street stocks climbed on Monday, while Treasury yields eased ahead of a packed week of corporate earnings. Investors also kept a close eye on intensifying tariff negotiations between the U.S. and its trade partners ahead of the looming August 1 deadline. All three major U.S. indices posted gains, diverging from European markets. Meanwhile, gold hit a five-week high, and the U.S. dollar weakened against the yen following Japan’s weekend elections.

The actively traded FKLI contract continues to trend within a broader downward channel. On the hourly chart, the index recently experienced technical buying after testing the support zone at 1502–1500. However, it encountered resistance near the 1530–1527 range and has since pulled back. Moving forward, we expect the index to remain in a neutral, sideways consolidation. Key support lies at 1520–1519; holding above this level could trigger renewed buying interest. A break below, however, may lead to further downside toward the 1515–1514 zone. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1519 and 1525, 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