KLSE Traders Update and Ideas

Daily Market Update - 14 Apr 2017

mplus313
Publish date: Fri, 14 Apr 2017, 08:36 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 20,453.25 pts (-138.61pts, -0.67%)
U.S. equities ended down by 0.7%, after U.S. dropped its largest non-nuclear bomb on Islamic State positions in Afghanistan. The 20,400 will serve as the immediate support level.

FBM KLCI: 1,738.18 pts (-5.90pts, -0.34%)
The FBM KLCI finished lower by 0.3%, amid the negative sentiment spilled over from the U.S. stockmarkets overnight. The immediate support level is located around the 1,730 level.

Crude Palm Oil: RM2,566 (-RM23, -0.89%)
Crude palm oil prices closed down by 0.9%, dragged down by higher-than-expected export tax. The RM2,550 level will serve as the immediate support level.

WTI Crude Oil: $53.18 (-$0.29, -0.54%)
Crude oil prices declined, on the back of a market-wide risk aversion. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,287.92 (+$1.14, +0.09%)
Gold prices added another 0.1% - led by buying-interest for safe haven assets amid escalating geopolitical risks. The immediate resistance level will be located around US$1,300.

Economic Releases:
US - US's Inflation Rate - 14 Apr 17, 8.30PM

Bursa Malaysia Trade Statistics - 13 Apr 17
Institutions:  Net SELL 74.9 mln (58.7%)
Retail:  Net BUY 8.0 mln (21.7%)
Foreign:  Net BUY 66.9 mln (19.6%)

Source: Bloomberg, M+ Online

 

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