FKLI
FKLI Spot Month Futures - 8 Aug 2025
Fri, 08-Aug-2025 09:17 am
by Dealing Team • Apex Futures

FKLI
Pivot
1548
Resistance
1553 / 1559 / 1564
Support
1547 / 1542 / 1537
Possible Range
1540 to 1560
Strategy
Long positions may be opened above 1553 with targets at 1559/1564 and stop-loss at 1548
Short positions may be opened below 1553 with targets at 1547/1542 and stop-loss at 1558

FKLI Aug month rose 8 points or 0.52% to closed higher at 1551. Bursa Malaysia closed slightly higher on Thursday, showing resilience in line with upbeat regional markets, despite lingering pressure from escalating global trade tensions.

The Dow Jones index dropped 224 points to closed lower at 43968 on previous session. The Dow and S&P 500 slipped on Thursday after Eli Lilly’s shares fell following disappointing data on its oral weight loss drug, while the Nasdaq managed to notch a record closing high.

The actively traded FKLI contract remains within a broader downward channel, with major resistance at the 1555–1560 range. On a shorter time frame, the index has broken above its consolidation range and continues to trend higher. Immediate support is seen at 1547–1548, which needs to hold to sustain the upside momentum. Resistance remains at 1555–1560; a breakout above this zone could trigger further strong buying, while failure to break may lead to downside bias and a technical correction. The recent price action still supports an upside-biased trading formation. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1547 and 1553, 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