Dow Jones: 25,967.33 pts (+2.24pts, +0.01%)
U.S. stockmarkets ended mixed overnight as the Dow (+0.01%) chalked in miniscule gains as investor monitor for trade developments between U.S. and China in Washington, whilst the S&P 500 fell 0.2% after erasing all its intraday gains. The immediate support is located at 25,200.
FBM KLCI: 1,633.55 pts (-5.82pts, -0.36%)
The FBM KLCI (-0.4%) was spooked by the renewed volatility on Wall Street overnight as the key index lingered in the negative territory for the entire trading session. The immediate resistance is located at 1,645.
Crude Palm Oil: RM2,037 (-RM3, -0.15%)
Crude palm oil prices ended lower as demand remains subdue after India continues to hold off purchases despite the recent low prices. The immediate support is located around RM1,940.
WTI Crude Oil: $62.12 (+$0.72, +1.17%)
Crude oil prices rebounded to remain in the consolidation band, lifted by the unexpected decline in U.S. crude oil supply last week. The immediate resistance is located at US$67.
Gold: $1,280.88 (-$3.55, -0.28%)
Gold prices snapped a three-day winning streak after the U.S. Dollar advanced against a basket of currencies. The immediate resistance is located around $1,300.
Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
US - United States' Producer Price Index, 8.30PM
Technical Trading Stocks - 9 May 19
Stock Name: TEOSENG (7252)
Entry: Buy above RM1.24
Target: RM1.37 (10.5%), RM1.46 (17.7%)
Stop: RM1.16 (-6.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: BPPLAS (5100)
Entry: Buy above RM1.13
Target: RM1.17 (3.5%), RM1.22 (8.0%)
Stop: RM1.09 (-3.5%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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