FKLI
FKLI Spot Month Futures - 24 Sep 2025
Wed, 24-Sep-2025 09:43 am
by Dealing Team • Apex Futures

FKLI
Pivot
1607
Resistance
1603 / 1607 / 1612 / 1618
Support
1597 / 1592 / 1587 / 1581
Possible Range
1585 to 1615
Strategy
Long positions may be opened above 1597 with targets at 1603/1607 and stop-loss at 1592
Short positions may be opened below 1597 with targets at 1592/1587 and stop-loss at 1602

FKLI Sep month rose 3.5 points or 0.22% closed higher at 1606. The FBM KLCI edged higher on Tuesday after another record-charting performance on Wall Street, although the gains could be capped by the absence of fresh catalysts to drive the market higher.

The Dow Jones index dropped 88 points to close lower at 46292 on previous session. U.S. stocks finished lower on Tuesday, breaking a three-session string of record closing highs, as Federal Reserve Chair Jerome Powell said the U.S. central bank needs to balance inflation concerns with a weakening job market in its coming interest rate decisions.

The actively traded FKLI contract continued its upward movement after closing higher in the previous session. However, the index is still facing resistance near the 1,613–1,615 range, forming a potential triple top, which signals hesitation in pushing higher for now. On the hourly chart, the index is consolidating in a sideways range, with key support seen at 1,595–1,597. A rebound from this level could trigger a limited upside move toward 1,600–1,603. Conversely, a break below the support range may lead to further downside correction toward 1,582, or even as low as 1,578. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1597 and 1603, respectively. 

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
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USD 4.071594 4.103148
EUR 4.788661 4.792351
CNY 0.580700 0.581157
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