FKLI
FKLI Spot Month Futures - 25 Aug 2025
Mon, 25-Aug-2025 09:57 am
by Dealing Team • Apex Futures

FKLI
Pivot
1601
Resistance
1615 / 1619 / 1626
Support
1608 / 1602 / 1596
Possible Range
1600 to 1630
Strategy
Long positions may be opened above 1608 with targets at 1615/1619 and stop-loss at 1602
Short positions may be opened below 1608 with targets at 1602/1596 and stop-loss at 1614

FKLI Aug month rose 10 point or 0.63% to closed higher at 1604. The FBM KLCI briefly broke above the 1,600-point level before paring gains to close below the psychological threshold.

The Dow Jones index jumped 846 points to close higher at 45631 on previous session. Wall Street's main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech.

The actively traded FKLI contract has surged since last Friday and continued its strength into this morning, holding firmly above the key 1600 resistance level. The next resistance is seen at the 1617–1619 range, and a breakout above this zone could potentially lift the index higher toward 1625–1626. Some profit-taking activities may emerge with immediate support is located at 1608–1607. If this level fails to hold, further downside could be seen toward 1602–1600, which serves as the crucial support to sustain the upward trend. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1608 and 1615, respectively.

(News Source: The Star; Reuters)

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