FKLI
FKLI Spot Month Futures - 29 Jul 2025
Tue, 29-Jul-2025 09:07 am
by Dealing Team • Apex Futures

FKLI
Pivot
1534
Resistance
1536 / 1541 / 1547
Support
1530 / 1525 / 1520
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 rose 0.5 point or 0.03% to closed slightly higher at 1532.  Bursa Malaysia pared earlier gains to close lower on Monday, as investors adopted a more cautious posture ahead of the US tariff negotiation deadline on Aug 1.

The Dow Jones index dropped 64 points to closed lower at 44837 on previous session. The S&P 500 inched higher on Monday to notch a sixth consecutive record close, while the Nasdaq also ended at a record high in choppy trading, as investors weighed the U.S.-EU trade agreement and looked ahead to a week filled with key market catalysts.

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. We remain our view that 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 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