FKLI
FKLI Spot Month Futures - 5 Aug 2025
Tue, 05-Aug-2025 09:01 am
by Dealing Team • Apex Futures

FKLI
Pivot
1526
Resistance
1536 / 1541 / 1546
Support
1531 / 1526 / 1521
Possible Range
1525 to 1545
Strategy
Long positions may be opened above 1531 with targets at 1536/1541 and stop-loss at 1526
Short positions may be opened below 1531 with targets at 1526/1521 and stop-loss at 1536

FKLI Aug month rose 1.5 points or 0.10% to closed slightly higher at 1530.5. Bursa Malaysia bucked the broadly higher regional trend as investors took profit off the table, sending the FBM KLCI lower on selling in banking stocks.

The Dow Jones index jumped 585 points to closed higher at 44173 on previous session. All three major U.S. stock indexes scored their biggest daily percentage increases since May 27 on Monday as investors sought bargains after the previous session's selloff and ramped up bets for a September interest rate cut after Friday's weaker-than-expected jobs data.

The actively traded FKLI contract remains within a broader downward channel, with major resistance at 1555–1560. On the shorter time frame, recent movements have narrowed, showing a slight upside bias. We see potential for a buy-on-retracement strategy to continue, with immediate resistance at 1536–1538. A breakout above this zone could lift the index toward 1541, and possibly as high as 1546. However, if the resistance fails to break, the index may trade lower, though with limited downside, with immediate support at 1525–1526. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1531 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