Dow Jones: 24,815.04 pts (-354.84pts, -1.41%)
U.S. stockmarkets erased all their previous session gains as the Dow sank 1.4% last Friday, dragged down by the fresh global trade tension between U.S. and Mexico. The immediate support is located at 24,000.
FBM KLCI: 1,650.76 pts (+14.26pts, +0.87%)
Late gains in selected index heavyweights powered the FBM KLCI (+0.9%) higher for the fifth straight session amid the mostly negative regional peers. The immediate resistance is located at 1,670.
Crude Palm Oil: RM2,069 (-RM15, -0.72%)
Crude palm oil prices erased all its intraday gains to extend its losses after the Ringgit appreciated against the Greenback. The immediate support is located around RM2,000.
WTI Crude Oil: $53.50 (-$3.09, -5.38%)
Crude oil prices sank deeper amid the renewed global trade tension might dampen demand, coupled with lower-than-expected decline in U.S. inventory level. The immediate resistance is located at US$60.
Gold: $1,305.58 (+$16.93, +1.32%)
Gold prices trended higher for the third straight session as renew volatility in riskier assets spooked investors sentiment. The immediate resistance is located around $1,300.
Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
JP - Japan's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 4.00PM
US - United States' ISM Manufacturing PMI, 10.00PM
Technical Trading Stocks - 3 Jun 19
Stock Name: GADANG (9261)
Entry: Buy above RM0.845
Target: RM0.92 (8.9%), RM0.96 (13.6%)
Stop: RM0.785 (-7.1%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Stock Name: SIGGAS (5181)
Entry: Buy above RM0.90
Target: RM0.945 (5.0%), RM0.995 (10.6%)
Stop: RM0.87 (-3.3%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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