Dow Jones: 25,648.02 pts (+115.97pts, +0.45%)
U.S. stockmarkets extended their gains as the Dow rose 0.5% overnight on the easing global trade tension. The immediate support is located at 26,000.
FBM KLCI: 1,611.43 pts (+12.24pts, +0.77%)
The FBM KLCI (+0.8%) staged a sharp recovery, snapping a five-day losing streak yesterday amid the easing concern over Sino-U.S. trade dispute. The immediate support is located at 1,580.
Crude Palm Oil: RM2,045 (+RM12, +0.59%)
Crude palm oil prices trended higher for the third straight session after the Ringgit remain downbeat against the Greenback. The immediate resistance is located around RM2,100.
WTI Crude Oil: $62.02 (+$0.24, +0.39%)
Crude oil prices edged higher to remain in the consolidation band, lifted by shrinking U.S. gasoline supply. The immediate resistance is located at US$67.
Gold: $1,296.49 (-$0.43, -0.03%)
Gold prices retreated after the Greenback advanced against a basket of currencies. The immediate resistance is located around $1,300.
Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's 1Q2019 GDP Growth Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
Technical Trading Stocks - 16 May 19
Stock Name: GBGAQRS (5226)
Entry: Buy above RM1.33
Target: RM1.48 (11.3%), RM1.54 (15.8%)
Stop: RM1.24 (-6.8%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: COMFORT (2127)
Entry: Buy above RM0.87
Target: RM0.935 (7.5%), RM1.00 (14.9%)
Stop: RM0.815 (-6.3%)
Shariah: Yes
Technical: Monitor for trendline breakout
Source: Bloomberg, M+ Online
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