FKLI
FKLI Spot Month Futures - 19 Aug 2025
Tue, 19-Aug-2025 09:42 am
by Dealing Team • Apex Futures

FKLI
Pivot
1583
Resistance
1592 / 1597 / 1602
Support
1583 / 1578 / 1573
Possible Range
1575 to 1605
Strategy
Long positions may be opened above 1588 with targets at 1592/1597 and stop-loss at 1583
Short positions may be opened below 1588 with targets at 1583/1578 and stop-loss at 1593

FKLI Aug month rose 6 points or 0.38% to closed higher at 1583. The FBM KLCI snapped a two-day losing streak to close higher on Monday, rebounding from last week’s declines.

The Dow Jones index dropped 34 points to closed slightly lower at 44911 on previous session. Wall Street’s main indexes ended Monday little changed, as investors struggled for direction ahead of key corporate earnings from major retailers and the Federal Reserve’s annual Jackson Hole symposium, both seen as crucial gauges of the economy’s outlook.

The actively traded FKLI contract rose in the previous session but remained below the crucial resistance range at 1600. On the daily chart, the index has broken above a key resistance level at 1568–1570, which now acts as an important support to sustain the uptrend. On the hourly chart, prices in the previous session broke above the downward channel resistance at 1585–1586, which now serves as immediate support in the shorter time frame. On the upside, resistance is spotted at 1592–1593, and a break above this level could push the index higher toward the 1600 mark again. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1583 and 1592, respectively.

(News Source: The Star; Reuters)

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