FKLI
FKLI Spot Month Futures - 6 Nov 2025
Thu, 06-Nov-2025 09:20 am
by Dealing Team • Apex Futures

FKLI
Pivot
1623
Resistance
1630 / 1634 / 1638 / 1642
Support
1626 / 1623 / 1619 / 1615
Possible Range
1620 to 1640
Strategy
Long positions may be opened above 1630 with targets at 1634/1638 and stop-loss at 1625
Short positions may be opened below 1630 with targets at 1626/1623 and stop-loss at 1635

FKLI Nov month rose 2 points or 0.12 to closed at 1622.5. Profit-taking activities dragged the local market lower on Wednesday, in line with cautious sentiment across the region ahead of Bank Negara’s overnight policy rate (OPR) decision.

The Dow Jones index rose 225 points to close at 47311 on previous session. U.S. stocks rebounded on Wednesday as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected economic data fueled investors' risk appetite.A broad rally sent all three major U.S. equity indexes higher on the day, with a bounce-back in tech and tech-related momentum stocks leading the charge.

The actively traded FKLI contract continues to move within an upward channel on the daily chart, indicating that the long-term trend remains positive. However, on the hourly chart, the index has been trading within a sideways range since early October 2026, with crucial resistance seen at 1626–1628 and bottom remain spot at 1600–1605. A breakout in either direction could trigger the next major move. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1626 and 1630, respectively. 

 

(News Source: The Star; Reuters)

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Market Mover
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