FKLI
FKLI Spot Month Futures - 24 June 2026
Wed, 24-Jun-2026 10:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1695.5
Resistance
1700 / 1705 / 1710 / 1715
Support
1660 / 1665 / 1670 / 1675
Possible Range
1660 to 1720
Strategy
Long positions may be opened above 1698 with targets at 1705/1710 and stop-loss at 1692
Short positions may be opened below 1670 with targets at 1665/1670 and stop-loss at 1690

FKLI May month down 19 points or 1.12% to closed at 1684.5 in previous session. Bursa Malaysia opened higher on Wednesday, rebounding from yesterday’s losses as bargain hunting in selected blue-chip stocks lifted sentiment, an analyst said.

The Dow Jones index futures down 45 points to close at 51672 on current session. S&P 500 futures and Nasdaq 100 futures slipped less than 0.1%. Futures tied to the Dow Jones Industrial Average fell 45 points, or roughly 0.1%.

The active FKLI contract extended its decline and closed lower for another consecutive session. Based on the daily chart, bearish momentum remained evident as selling pressure continued to increase, with sellers maintaining control of market activity. Although the contract is still trading above the 200-day SMA, short-term price action suggests a weakening trend and reinforces the current bearish outlook. The market remains cautious around the 1,680–1,670 support area. Any sustained move below this level may indicate a shift towards a bearish outlook, accompanied by increasing selling momentum.

Following Tuesday's strong bearish candlestick, selling pressure may persist and could drive prices lower in the short term. The nearest support and resistance levels are currently identified at 1,675 and 1,710, respectively. A break below support may expose the market to further downside, while any recovery is likely to face resistance around the 1,700 area.

(News Source: Reuters, CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.074794 4.107436
EUR 4.673556 4.678380
CNY 0.603934 0.604564
HKD 0.519941 0.523599
SGD 3.157899 3.180212