Dow Jones: 26,719.13 pts (-34.04pts, -0.13%)
U.S. stockmarkets retreated from their recent peak as the Dow fell 0.1% after the Commerce Department barred five additional Chinese companies from buying U.S. components without approval. The immediate resistance is located at 27,000.
FBM KLCI: 1,682.23 pts (+6.80pts, +0.41%)
The FBM KLCI (+0.4%) advanced for the fourth straight session, taking cue from the positive sentiment on Wall Street. The immediate resistance is located at 1,700.
Crude Palm Oil: RM2,022 (-RM1, -0.05%)
Crude palm oil prices erased all its intraday gains to close marginally lower, dragged down by the appreciation of Ringgit against the Greenback. The immediate resistance is located around RM2,100.
WTI Crude Oil: $57.43 (+$0.78, +1.38%)
Crude oil prices extended its gains, lifted by fresh geopolitical tension between U.S. and Iran. The immediate resistance is located at US$60.
Gold: $1,399.63 (+$11.19, +0.81%)
Gold prices were powered higher for the fourth consecutive session to close at its highest level in six years on easing monetary policy across central banks, coupled with the escalating tension in the Gulf region. The immediate resistance is located around $1,400.
Technical Trading Stocks - 24 Jun 19
Stock Name: REVENUE (0200)
Entry: Buy above RM1.34
Target: RM1.46 (9.0%), RM1.50 (11.9%)
Stop: RM1.27 (-5.2%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Stock Name: KGB (0151)
Entry: Buy above RM1.29
Target: RM1.38 (7.0%), RM1.41 (9.3%)
Stop: RM1.21 (-6.2%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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