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FKLI
FKLI Sep month down 0.5 point or 0.03% closed at 1631.5. The FBM KLCI was range-bound on Monday as investors digested the gains made in previous week, and proceeded with caution ahead of the tabling of Budgets 2026 this week.
The Dow Jones index rose 238 points to close higher at 46758 on previous session. The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day. The Dow also posted a record closing high, but the Nasdaq ended lower.
The actively traded FKLI contract encountered new resistance in the 1,637–1,634 range during last week’s session. On the broader time frame, the index still reflects an overall upward bias. In the short term, a technical correction may take place, with support spotted at the 1,624–1,626 range. Holding above this zone could provide buying opportunities, with targets at 1,631–1,634. On the upside, a breakout above resistance may shift momentum toward a stronger buying bias, with targets at the previous resistance zone of 1,640–1,645. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1631 and 1637, respectively.
(News Source: The Star; Reuters)
Recommend Trading Plan:
Long positions may be opened above 1634 with targets at 1637/1642 and stop-loss at 1629
Short positions may be opened below 1634 with targets at 1631/1626 and stop-loss at 1639
FCPO
FCPO Dec month down 4 points or 0.09% to closed at 4442. Malaysian palm oil futures snapped a three-week losing streak to post a weekly gain on Friday, as short coverings provided support to the market, while concerns over weak demand from India weighed.
CBOT soyoil active traded contract dropped 0.39 point to closed lower at 50.05 on previous session. Dalian’s active palm oil contract remain closed on festive holiday.
The actively traded FCPO contract closed lower in the previous session, with prices continuing to range within a downward channel on the daily chart. Resistance is spotted at the 4,480–4,485 zone, where a reversal candle—a bearish pin bar—has formed, signaling hesitation for further upside in the near term. Some profit-taking activities may emerge, with key support seen at the 4,425–4,420 range. Holding above this level could keep recent buying momentum intact, but a break below may open the door to further downside. On the upside, a breakout above the resistance line could drive prices higher toward the 4,500–4,520 range. Beware of any potential sentiment changes.
(News Source: Reuters)
Recommend Trading Plan:
Long positions may be opened above 4454 with targets at 4480/4506 stop-loss at 4434
Short positions may be opened below 4454 with targets at 4428/4400 stop-loss at 4474
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.
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