FKLI
FKLI Spot Month Futures - 29 July 2026
Wed, 29-Jul-2026 10:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1718
Resistance
1722 / 1726 / 1730 / 1733
Support
1707 / 1710 / 1714 / 1718
Possible Range
1700 to 1732
Strategy
Long positions may be opened above 1722 with targets at 1726/1730 and stop-loss at 1703
Short positions may be opened below 1718 with targets at 1710/1714 and stop-loss at 1735

FKLI July month down 5.5 points or 0.32% to closed at 1714.5 in previous session. The FBM KLCI rose in early trade as oil prices continued its decline amid an easing of tensions in the Gulf, although gains are expected to be capped as traders look ahead to the Federal Reserve rate decision.

S&P 500 futures were marginally higher, and Nasdaq 100 futures traded near the flat line. Dow Jones Industrial Average futures shed 38 points, or about 0.1%.

The active FKLI contract opened with a higher price, reflecting bullish sentiment as prices advanced in the middle of the week. Based on the daily chart, the market is expected to maintain a sideways-to-bullish trend if buying momentum persists. A breakout above the 1,730 level could signal stronger buying interest, allowing buyers to regain market control. However, the higher price level may also encourage profit-taking, which could limit further upside.

The immediate resistance zone is located between 1725 and 1730, while initial support is found near the 50-day SMA line at 1715. 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 1718 and 1722, respectively.

(News Source: CNBC)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.074794 4.107436
EUR 4.643456 4.648249
CNY 0.603789 0.604421
HKD 0.519876 0.523537
SGD 3.151082 3.173349