FKLI
FKLI Spot Month Futures - 7 May 2026
Thu, 07-May-2026 10:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1755
Resistance
1768 / 1772 / 1776 / 1780
Support
1765 / 1750 / 1740 / 1730
Possible Range
1750 to 1780
Strategy
Long positions may be opened above 1765 with targets at 1775/1785 and stop-loss at 1740
Short positions may be opened below 1760 with targets at 1750/1740 and stop-loss at 1737

FKLI May month gains 16 points or +0.80% to close at 1763.5 in the previous 
session. The FBMKLCI rose 0.89% on Wednesday, supported by renewed 
buying interest and improved regional market sentiment.

The Dow Jones index increase +1.24% to close at 49910 on previous 
session. Pakistani Source confirms that US and Iran are closing in on a one
page memo to end the war.

The active FKLI contract continue the upward momentum following by the 
strong bullish bar and break above SMA-50, targeting 1765-1770 level. 
However, need to be cautious price might retrace back 1744-1750 area as 
fair value gap forming. On the 30-minute chart, price break above 1750-1760 
resistance, next target might locate at 1760-1770 level, price need to hold 
above 1780-1790 to maintain it bullish momentum.

Intraday resistance is seen around 1770-1785 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 1765 and 
1770, respectively. 

(News Source: CNBC)

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