FKLI
FKLI Spot Month Futures - 16 July 2026
Thu, 16-Jul-2026 10:14 am
by Dealing Team • Apex Futures

FKLI
Pivot
1724
Resistance
1730 / 1735 / 1740 / 1745
Support
1705 / 1710 / 1715 / 1720
Possible Range
1710 to 1740
Strategy
Long positions may be opened above 1725 with targets at 1735/1740 and stop-loss at 1720
Short positions may be opened below 1722 with targets at 1710/1715 and stop-loss at 1735

FKLI July month down 6 points or 0.35% to closed at 1719.5 in previous session. Asia-Pacific markets were set for a mixed open Thursday. The FBM KLCI started mildly positive after the previous day's profit-taking activity as US economic data eased fears over inflation pressure.

Futures tied to the Dow Jones Industrial Average ticked up 15 points, or 0.03%. S&P 500 futures added 0.05% and Nasdaq 100 futures were up 0.11%.

Based on the daily chart, the contract continued to hold above the 200-day SMA, signalling that the broader trend remained supportive. However, short-term price action moved sideways as the market consolidated throughout the week but showing supportive signal. Despite the bullish longer-term outlook, mixed buying and selling pressure kept overall sentiment neutral.

The immediate resistance zone is located between 1,735 and 1,740, while initial support is below the 50-day SMA line at 1,715. A potential consolidation around 1720 -1730 could be expected in near term before a new direction forms.  The nearest support and resistance levels are currently estimated at 1,720 and 1,730, respectively.
 

(News Source: CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.057127 4.089542
EUR 4.667625 4.672382
CNY 0.601339 0.601952
HKD 0.517709 0.521346
SGD 3.148485 3.170672