FKLI
FKLI Spot Month Futures - 30 Jul 2025
Wed, 30-Jul-2025 09:19 am
by Dealing Team • Apex Futures

FKLI
Pivot
1532
Resistance
1526 / 1532 / 1537
Support
1521 / 1515 / 1510
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1521 with targets at 1526/1532 and stop-loss at 1516
Short positions may be opened below 1521 with targets at 1515/1510 and stop-loss at 1526

FKLI Jul month dropped 4.0 points or 0.26% to closed lower at 1528.  The FBM KLCI closed at its intraday low on Tuesday amid cautious sentiment driven by ongoing trade talks and a downward revision of the gross domestic product (GDP) growth forecast.

The Dow Jones index dropped 204 points to closed lower at 44632 on previous session. U.S. stocks ended lower on Tuesday, with the S&P 500 and Nasdaq pulling back from record highs following some disappointing corporate earnings, as investors looked ahead to the Federal Reserve’s policy statement.

The actively traded FKLI contract remains within a broader downward channel. On the hourly chart, the index recently tested the key resistance zone at 1536–1538 multiple times but failed to break through, shifting momentum toward a downside bias. We expect the index to continue trading with a bearish tone, with a sell-on-rebound strategy as the main plan. Crucial support is located at 1515–1517, which needs to hold to prevent further declines. On the upside, resistance is seen in the 1524–1526 range. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1521 and 1526, respectively.

(News Source: The Star; Reuters)

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