Dow Jones: 26,559.54 pts (+110.00pts, +0.42%)
U.S. stockmarkets closed higher ahead of the extended Good Friday weekend break as the Dow gained 0.4%, spurred by the stronger-than-expected retail sales data that climbed 1.6% Y.o.Y in March 2019. The immediate resistance is located at 27,000.

FBM KLCI: 1,619.73 pts (-1.17pts, -0.07%)
The FBM KLCI (-0.1%) formed a hammer candle after recovering most of its intraday losses in line with the general dour market undertone across the Asia Pacific region. The immediate support is located at 1,610.

Crude Palm Oil: RM2,183 (-RM22, -1.00%)
Crude palm oil prices staged a pullback, pressured by the weakness in soybean oil prices. The immediate resistance is located around RM2,300.

WTI Crude Oil: $64.00 (-$0.29, -0.45%)
Crude oil prices extended its losses, despite U.S. oil rigs fell for the first time in three weeks. The immediate resistance is located at US$67.

Gold: $1,275.82 (+$1.84, +0.14%)
Gold prices halted a four-day losing streak on concern over global economic growth remains on the table. The immediate resistance is located around $1,300.

Technical Trading Stocks - 19 Apr 19 
Stock Name: BAHVEST (0098)
Entry: Buy above RM0.62
Target: RM0.705 (13.7%), RM0.74 (19.4%)
Stop: RM0.55 (-11.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MI (5286)
Entry: Buy above RM2.25
Target: RM2.49 (10.7%), RM2.64 (17.3%)
Stop: RM2.12 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.