FKLI
FKLI Spot Month Futures - 18 Aug 2025
Mon, 18-Aug-2025 09:45 am
by Dealing Team • Apex Futures

FKLI
Pivot
1579
Resistance
1583 / 1587 / 1593
Support
1577 / 1572 / 1567
Possible Range
1565 to 1595
Strategy
Long positions may be opened above 1583 with targets at 1587/1593 and stop-loss at 1577
Short positions may be opened below 1583 with targets at 1577/1572 and stop-loss at 1589

FKLI Aug month dropped 8 points or 0.50% to closed lower at 1577The FBM KLCI started the week with a mild bounce after two sessions of profit-taking, with investors anticipating a raft of earnings announcements over the coming two weeks.

The Dow Jones index rose 34 points to closed slightly higher at 44946 on previous session. Global stocks were little changed on Friday but remained near record highs as U.S. President Donald Trump and Russian President Vladimir Putin held high-stakes talks in Alaska over the Ukraine conflict. Meanwhile, U.S. Treasury bond prices fell across the board, with investors positioning for a potential Federal Reserve interest rate cut.

The actively traded FKLI contract declined for a second consecutive session after recently touching a high of 1601, forming a downward channel on the hourly chart. On the daily chart, the index has broken above a crucial resistance level at 1568–1570, which now acts as an important support to sustain the uptrend. The hourly chart, however, indicates further room for technical correction. Failure to break above the new resistance at 1585–1586 could send prices lower, with support seen at the 1575–1576 range. If this level fails to hold, a pullback toward the key support zone at 1568–1570 is likely. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1577 and 1583, respectively.

(News Source: The Star; Reuters)

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