Dow Jones: 25,058.12 pts (-6.38pts, -0.03%)
U.S. stockmarkets edged marginally lower as the Dow fell 0.03% on lingering concern over trade tariffs with international counterparts. The immediate resistance is located at 25,500.
FBM KLCI: 1,754.67 pts (-4.57pts, -0.26%)
Profit taking activities sent the FBM KLCI (-0.3%) to halt a nine-day winning streak last Friday. The immediate resistance is located at 1,760.
Crude Palm Oil: RM2,194 (+RM1, +0.05%)
Crude palm oil prices formed a hammer candle after recovering all its intraday losses. The immediate support is located around RM2,160.
WTI Crude Oil: $70.46 (+$1.00, +1.44%)
Crude oil prices advanced as U.S. oil rigs fell. The immediate support is located at US$63.
Gold: $1,229.53 (+$6.56, +0.54%)
Gold prices advanced after the Greenback retreated against a basket of currencies. The immediate support will be pegged around US$1,220.
Economic Releases:
US - United States' Existing Home Sales, 10.00PM
Bursa Malaysia Trade Statistics - 20 Jul 18
Institutions: Net BUY 51.9 mln (50.0%)
Retail: Net BUY 12.7 mln (27.6%)
Foreign: Net SELL 64.6 mln (22.4%)
Potential Momentum Stocks - 23 Jul 18
Stock Name: FPI (9172)
Entry: Buy above RM1.44
Target: RM1.55 (7.6%), RM1.65 (14.6%)
Stop: RM1.34 (-6.9%)
Shariah: No
Technical: Monitor for breakout
Stock Name: PUNCAK (6807)
Entry: Buy above RM0.59
Target: RM0.635 (7.6%), RM0.695 (17.8%)
Stop: RM0.55 (-6.8%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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Jona0724
Wrongly date. This one is 19 Jul
2018-07-23 09:16