FKLI
FKLI Spot Month Futures - 25 Jul 2025
Fri, 25-Jul-2025 09:02 am
by Dealing Team • Apex Futures

FKLI
Pivot
1534
Resistance
1534 / 1538 / 1542
Support
1529 / 1524 / 1519
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1534 with targets at 1538/1542 and stop-loss at 1529
Short positions may be opened below 1534 with targets at 1529/1524 and stop-loss at 1539

FKLI Jul month rose 3 points or 0.20% to closed higher at 1537.  Bursa Malaysia finished at its intra-day high for the second straight session on Thursday, driven by global optimism and the latest round of government fiscal aid that led investors to be back in the local market.

The Dow Jones index dropped 316 points to closed lower at 44693 on previous session. The S&P 500 and Nasdaq advanced on Thursday, with both indices notching fresh all-time closing highs, as investors weighed a mixed set of corporate earnings and signs of progress in U.S. tariff negotiations with key trading partners. In contrast, the Dow Jones Industrial Average ended in the red. Gold prices eased, while benchmark Treasury yields extended Wednesday’s gains. Crude oil prices also moved higher, supported by economic optimism and tightening supply concerns.

The actively traded FKLI contract continues to trend within a broader downward channel. On the hourly chart, the index recently broke decisively above the 1527–1530 range, which now acts as a key support zone. On the upside, resistance remains at the 1536–1538 level. A breakout from either the support or resistance zone could determine the next directional move. For now, the index is trading within a tight range, with sentiment leaning slightly bearish. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1529 and 1534, 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