FKLI
FKLI Spot Month Futures - 23 Jan 2026
Fri, 23-Jan-2026 10:21 am
by Dealing Team • Apex Futures

FKLI
Pivot
1703
Resistance
1712 / 1715 / 1718 / 1723
Support
1704 / 1701 / 1697 / 1692
Possible Range
1700 to 1718
Strategy
Long positions may be opened above 1700 with targets at 1710/1718 and stop-loss at 1697
Short positions may be opened below 1700 with targets at 1695/1692 and stop-loss at 1708

FKLI Jan month surge 15 points or 0.88% to close at 1711.5. Bursa Malaysia recovered strongly maintaining weekly gains amid volatile regional markets.

The Dow Jones futures surged 588 points to closed at 49077. U.S. equities leaped after Wednesday after President Donald Trump called off new Europe tariffs, saying a deal framework has been reached over Greenland.

The active FKLI contract short covered, getting back on track to its uptrend cycle. On the daily chart, a bullish engulfing candle formed, ruling out previous day selling bias. A quick switch of direction will hold market firmer, marking 1700 to be a temporary strong support in near term. The upside target of 1718 – 1723 potentially may be seen once again. Immediate support and resistance levels are identified at 1700 and 1712, respectively. Beware of any potential sentiment changes.

(News Source: The Star, Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.023232 4.055460
EUR 4.719850 4.724822
CNY 0.579577 0.580194
HKD 0.516059 0.519704
SGD 3.134055 3.156409