Dow Jones: 26,504.00 pts (+38.46pts, +0.15%)
U.S. stockmarkets extended their gains overnight as the Dow rose 0.2% after the U.S. Federal Reserve signals for potential interest rate cuts in the foreseeable future should economic data continue to disappoints. The immediate resistance is located at 27,000.

FBM KLCI: 1,666.54 pts (+13.78pts, +0.83%)
The FBM KLCI (+0.7%) extended its gains, lifted by optimism over trade progress between U.S. and China yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,046 (+RM24, +1.19%)
Crude palm oil prices advanced on expectations over improved export demand from China and India. The immediate resistance is located around RM2,100.

WTI Crude Oil: $53.76 (-$0.14, -0.26%)
Despite the larger-than-expected drawdown of U.S. inventory level, crude oil prices edged lower as investors continue to eye on OPEC's developments in the upcoming meeting. The immediate resistance is located at US$55.

Gold: $1,360.38 (+$13.77, +1.02%)
Gold prices extended its gains to close at its highest level year-to-date after the Greenback depreciated against a basket of currencies following the dovish comments from the U.S. Federal Reserve on future interest rate direction. The immediate resistance is located around $1,400.

Economic Releases:
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
UK - United Kingdom's Retail Sales, 4.30PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM

Technical Trading Stocks - 20 Jun 19 
Stock Name: G3 (7184)
Entry: Buy above RM1.40
Target: RM1.54 (10.0%), RM1.63 (16.4%)
Stop: RM1.30 (-7.1%)
Shariah: No
Technical: Monitor for breakout

Stock Name: JHM (0127)
Entry: Buy above RM1.20
Target: RM1.26 (5.0%), RM1.30 (8.3%)
Stop: RM1.16 (-3.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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