Dow Jones: 26,753.17 pts (+249.17pts, +0.94%)
U.S. stockmarkets trended sharply higher as the Dow surged 0.9% as investors pinned on the certainty of interest rate cut in July 2019, whilst the S&P 500 (+1.0%) closed at a fresh all-time high level. The immediate resistance is located at 27,000.

FBM KLCI: 1,675.43 pts (+8.89pts, +0.53%)
The FBM KLCI (+0.5%) managed to recover all its intraday losses to register its third day winning streak in tandem with the mostly positive sentiment across its regional peers yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,023 (-RM23, -1.12%)
Crude palm oil prices retreated amid the sluggish exports data, coupled with the rising Ringgit against the Greenback. The immediate resistance is located around RM2,100.

WTI Crude Oil: $57.07 (+$3.31, +6.18%)
Crude oil prices trended sharply higher on escalating geopolitical tension in Middle East after Iran shot down a U.S. drone. The immediate resistance is located at US$60.

Gold: $1,388.44 (+$28.06, +2.06%)
Gold prices surged after the Greenback continue to lose ground against a basket of currencies as the U.S. Federal Reserve signal easing monetary policy. The immediate resistance is located around $1,400.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
US - United States' Existing Home Sales, 10.00PM

Technical Trading Stocks - 21 Jun 19 
Stock Name: HSSEB (0185)
Entry: Buy above RM1.15
Target: RM1.23 (7.0%), RM1.29 (12.2%)
Stop: RM1.07 (-7.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: CRESBLD (8591)
Entry: Buy above RM1.10
Target: RM1.17 (6.4%), RM1.21 (10.0%)
Stop: RM1.03 (-6.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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