FKLI
FKLI Spot Month Futures - 28 Jul 2025
Mon, 28-Jul-2025 09:10 am
by Dealing Team • Apex Futures

FKLI
Pivot
1531
Resistance
1537 / 1542 / 1548
Support
1531 / 1525 / 1520
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1537 with targets at 1542/1548 and stop-loss at 1532
Short positions may be opened below 1537 with targets at 1531/1525 and stop-loss at 1542

FKLI Jul month dropped 5.5 points or 0.36% to closed lower at 1531.5.  Bursa Malaysia finished at its intraday high for the second straight session yesterday, 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 rose 208 points to closed higher at 44901 on previous session. U.S. stocks climbed and the dollar strengthened on Friday as investors positioned themselves for a pivotal week ahead, which includes a Federal Reserve policy meeting, key corporate earnings reports, and the approaching August 1 deadline set by President Donald Trump for progress on trade negotiations.

The actively traded FKLI contract continues to trend within a broader downward channel. On the hourly chart, the index recently approached the key resistance zone at 1536–1538. A successful breakout above this range could pave the way for further upside toward the 1542–1545 region. However, if the resistance fails to break, the market may remain in a consolidation phase within a neutral range. On the downside, the crucial support zone lies between 1527 and 1530. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1531 and 1537, 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