FKLI
FKLI Spot Month Futures - 24 Jul 2025
Thu, 24-Jul-2025 09:04 am
by Dealing Team • Apex Futures

FKLI
Pivot
1528
Resistance
1536 / 1541 / 1547
Support
1530 / 1525 / 1519
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1536 with targets at 1541/1547 and stop-loss at 1531
Short positions may be opened below 1536 with targets at 1530/1525 and stop-loss at 1541

FKLI Jul month jumped 14.5 points or 0.95% to closed higher at 1534.  Late bargain hunting of consumer-related stocks pushed Bursa Malaysia to close at its intraday high on Wednesday, allowing the market to recover losses in the previous two sessions.

The Dow Jones index rose 507 points to closed higher at 45010 on previous session. U.S. stocks gained on Wednesday and Treasury yields rebounded after a three-day decline, following news of a trade agreement between the United States and Japan. Additionally, reports of a potential deal with the European Union offered encouraging signs of progress in President Donald Trump's broad tariff negotiations.

The actively traded FKLI contract remains within a broader downward channel. On the hourly chart, the index recently broke strongly above the 1527–1530 range, which now serves as a crucial support zone. On the upside, resistance is seen at the 1536–1538 level. A breakout above this resistance could lead to further upward movement, while failure to do so may result in the index consolidating within a sideways range. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1530 and 1536, 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