FKLI
FKLI Spot Month Futures - 9 Apr 2026
Thu, 09-Apr-2026 09:03 am
by Dealing Team • Apex Futures

FKLI
Pivot
1684
Resistance
1700 / 1708 / 1715 / 1726
Support
1688 / 1683 / 1676 / 1669
Possible Range
1683 to 1715
Strategy
Long positions may be opened above 1700 with targets at 1708/1715 and stop-loss at 1690
Short positions may be opened below 1688 with targets at 1683/1676 and stop-loss at 1698

FKLI April month surged 20.5 points or +1.22% to closed at 1696.5 on previous session. The FBM KLCI rose 1.16% on Wednesday, ending its recent decline on bargain hunting and easing geopolitical tensions, although sentiment remains cautious amid lingering global risks. Market breadth was positive, with 874 advancers versus 393 decliners.

 

The Dow Jones index surged 1325 points to close at 47909 on previous session. Dow jumps 1,300 points for best day since April 2025 as U.S.-Iran ceasefire pushes oil lower.

 

The active FKLI contract forming a bullish engulfing candle, indicating investor are bias bullish base on US market sentiment, but still to be cautious as price below SMA-50. On the 30-minute chart, a gap was formed due yesterday gapping-up, leaving the unfilled zone 1684-1674, price might test back this zone to decide the direction, price formed a lower high identifies at 1700 and lower low identifies at 1668, investor should be cautious.

 

Intraday resistance is seen around 1700-1708 area, while support has been identified in the 1688-1683 area. Overall, traders are advised to remain cautious and wait for a clear direction before entering new positions. The immediate key support and resistance levels are identified at 1688 and 1700, respectively. 
 

(News Source: Apex Securities Research, CNBC)

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