FKLI
FKLI Spot Month Futures - 5 May 2026
Tue, 05-May-2026 10:22 am
by Dealing Team • Apex Futures

FKLI
Pivot
1734
Resistance
1750 / 1758 / 1761 / 1772
Support
1707 / 1695 / 1681 / 1674
Possible Range
1707 to 1760
Strategy
Long positions may be opened above 1750 with targets at 1758/1761 and stop-loss at 1740
Short positions may be opened below 1698 with targets at 1695/1681 and stop-loss at 1707

FKLI May month gains 16 points or +0.80% to closed at 1721.5 on previous 
session. The FBMKLCI rose 0.77% on Monday, extending its performance for 
the new month begin amid improving investor sentiment.

The Dow Jones index decrease -1.13% to close at 48941 on previous session. 
Stock Futures Are Rising, Oil Falls Ahead of Jobs Week.

The active FKLI contract continue the upward momentum following by the 
strong bullish bar and break above SMA-50, targeting 1745-1750 level. 
However, need to be cautious price might retrace back 1724-1730 area as 
fair value gap forming. On the 30-minute chart, price break above 1724-1730 
resistance, next target might locate at 1740-1745 level, price need to hold 
above 1746-1750 to maintain it bullish momentum.

Intraday resistance is seen around 1746-1774 area, while support has been 
identified in the 1709-1675 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 1707 and 1750, 
respectively.

(News Source: Bloomberg)

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