FKLI
FKLI Spot Month Futures - 23 Jul 2025
Wed, 23-Jul-2025 08:59 am
by Dealing Team • Apex Futures

FKLI
Pivot
1521
Resistance
1523 / 1528 / 1533
Support
1517 / 1512 / 1508
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1517 with targets at 1523/1528 and stop-loss at 1512
Short positions may be opened below 1517 with targets at 1512/1508 and stop-loss at 1522

FKLI Jul month dropped 5.5 points or 0.36% to closed lower at 1519.5. The FBM KLCI gave up early gains to end lower for the second straight day on Tuesday, weighed down by cautious sentiment and the absence of fresh catalysts.

The Dow Jones index rose 179 points to closed higher at 44502 on previous session. The Dow advanced while the Nasdaq slipped on Tuesday, and crude prices ended lower as investors weighed a mix of corporate earnings and growing signs that President Donald Trump's prolonged trade war is pressuring profit margins — all as his self-imposed dealmaking deadline loomed.

The actively traded FKLI contract remains within a broader downward channel. On the hourly chart, the index recently saw technical buying interest after testing the support zone at 1,500–1,502. However, it faced resistance around the 1,527–1,530 range. We maintain a downside bias, with a sell-on-rebound strategy in focus. A rebound toward the 1,521–1,523 range may offer selling opportunities. If the index breaks above this zone, market sentiment could shift to a more positive tone. On the downside, support is seen at 1,516–1,517. A break below this level may trigger further selling pressure, with the next support located at 1,512–1,514. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1517 and 1523, 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