FKLI
FKLI Spot Month Futures - 23 July 2026
Thu, 23-Jul-2026 10:29 am
by Dealing Team • Apex Futures

FKLI
Pivot
1718
Resistance
1721 / 1728 / 1733 / 1740
Support
1700 / 1705 / 1709 / 1713.5
Possible Range
1708 to 1732
Strategy
Long positions may be opened above 1721 with targets at 1728/1733 and stop-loss at 1718
Short positions may be opened below 1715 with targets at 1705/1709 and stop-loss at 1730

FKLI July month down 3 points or 0.17% to closed at 1717.5 in previous session. Asia-Pacific markets opened higher Thursday. The equity futures slipped Wednesday evening as investors weighed fresh earnings, artificial intelligence spending concerns and rising oil prices.

Futures tied to the Dow Jones Industrial Average lost 75 points, or 0.1%. S&P 500 futures dropped 0.3% and Nasdaq 100 futures fell 0.4%.

Based on the daily chart, the contract continued to trade below the 50-day SMA, suggesting that the broader market trend remained bearish. In the near term, price action moved sideways as the market consolidated throughout the week, reflecting mixed sentiment. Although longer-term buying and selling pressure remained evenly matched, overall momentum continued to favour the downside.

The immediate resistance zone is located between 1721 – 1725 area while initial support is below the 50-day SMA line at 1712. A potential consolidation around 1710 -1720 could be expected in near term before a new direction forms.  The nearest support and resistance levels are currently estimated at 1714 and 1721, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.070803 4.102421
EUR 4.658688 4.662372
CNY 0.603014 0.603482
HKD 0.519444 0.522975
SGD 3.153824 3.175253