FKLI
FKLI Spot Month Futures - 2 July 2026
Thu, 02-Jul-2026 10:15 am
by Dealing Team • Apex Futures

FKLI
Pivot
1667
Resistance
1670 / 1675 / 1680 / 1685
Support
1645 / 1650 / 1655 / 1660
Possible Range
1650 to 1700
Strategy
Long positions may be opened above 1698 with targets at 1675/1680 and stop-loss at 1665
Short positions may be opened below 1662 with targets at 1650/1655 and stop-loss at 1675

FKLI July month down 9.5 points or 0.97% to closed at 1661 in previous session. The FBM KLCI opened higher in early trade, supported by bargain hunting after recent losses, despite overnight weakness on Wall Street that kept global sentiment cautious.

Overnight, the Dow Jones Industrial Average fell 0.03% to 52,305.24, the S&P 500 lost 0.22% to 7,483.23 and the Nasdaq Composite lost 0.66% to 26,040.03.

Based on the daily chart, the contract continued to trade below the 200-day SMA, suggesting that the broader market remains in a sideways trend. Intraday trading stayed range-bound but found support above the 1,660 level, supported by improving global market sentiment. Short-term momentum remained weak as selling pressure persisted from the previous session. Technically, the index formed a bearish candlestick, indicating that the pullback may continue. However, a move above the 1,670 level could improve sentiment and signal a return of bullish momentum.

The immediate resistance zone is located between 1,675 and 1,680, while initial support is found below on the 200-day SMA line at 1,650. A potential consolidation around 1660 -1700 could be expected in near term before a new direction forms.  The nearest support and resistance levels are currently estimated at 1,660 and 1,670, respectively.
 

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.079748 4.111398
EUR 4.661928 4.665651
CNY 0.601977 0.602458
HKD 0.520350 0.523881
SGD 3.147313 3.168788