FKLI
FKLI Spot Month Futures - 28 July 2026
Tue, 28-Jul-2026 10:33 am
by Dealing Team • Apex Futures

FKLI
Pivot
1712
Resistance
1710 / 1715 / 1718 / 1722
Support
1688 / 1692 / 1695 / 1700
Possible Range
1690 to 1720
Strategy
Long positions may be opened above 1700 with targets at 1715/1718 and stop-loss at 1695
Short positions may be opened below 1704 with targets at 1692/1695 and stop-loss at 1725

FKLI July month up 18 points or 1.06% to closed at 1720 in previous session. The FBM KLCI is taking profit ahead of key market catalysts from the US, including the Federal Reserve's rate decision and earnings results from leading US tech companies.

Futures tied to the S&P 500 dropped in early Asian trading on Tuesday. S&P 500 futures dipped 0.3% and Nasdaq 100 futures fell 0.2%. Dow futures rose by 24 points, or 0.05%.

Based on the daily chart, the contract remained below the 200-day SMA, indicating that the broader trend continued to be bearish. However, short-term price action traded sideways as the market consolidated during the previous session. Despite the longer-term bearish outlook, mixed buying and selling interest kept overall market sentiment neutral amid cautious global sentiment.

The immediate resistance zone is located between 1715 area, while initial support is below the 50-day SMA line at 1702. 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 1,700 and 1,710, respectively.

(News Source: CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.068809 4.101418
EUR 4.652982 4.657797
CNY 0.603321 0.603940
HKD 0.519111 0.522769
SGD 3.155371 3.177622