FKLI
FKLI Spot Month Futures - 15 May 2026
Fri, 15-May-2026 09:57 am
by Dealing Team • Apex Futures

FKLI
Pivot
1751
Resistance
1759 / 1765 / 1772 / 1780
Support
1745 / 1735 / 1727 / 1720
Possible Range
1735 to 1765
Strategy
Long positions may be opened above 1759 with targets at 1765/1772 and stop-loss at 1749
Short positions may be opened below 1745 with targets at 1735/1727 and stop-loss at 1755

FKLI May month gains 2 points or +0.11% to closed at 1752.5 on previous session. The FBMKLCI edged marginally lower (-0.04%) to 1,745.58 on Thursday, as banking stocks weighed on the market amid profit-taking and cautious regional sentiment ahead of the Trump-Xi summit, with investors avoiding aggressive risk positions pending greater clarity on US-China trade relations and the broader geopolitical landscape.

The Dow Jones index rose 370 points to close at 50068 on previous session. Stocks were higher on Thursday, with the Dow Jones Industrial Average retaking 50,000 after strong earnings from Cisco Systems and following a key meeting between U.S. and China.

The active FKLI contract forming a double top identified at 1772-1775 level, next support might locate at 1733-1721 level. On the 30-minute chart, price currently ongoing a consolidation phase between 1760-1745 area, waiting for next directional move.

Intraday resistance is seen around 1759-1765 area, while support has been identified in the 1745-1735 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 1745 and 1759, respectively. 

(News Source: The Star, Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.915460 3.947106
EUR 4.599414 4.604229
CNY 0.578999 0.579621
HKD 0.500075 0.503611
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