Dow Jones: 26,717.43 pts (+117.47pts, +0.44%)
U.S. stockmarkets cheered on the positive developments between Sino-U.S. trade progress as the Dow rose 0.4%, while the S&P 500 (+0.8%) closed at a fresh all-time high level. The immediate resistance is located at 27,000.

FBM KLCI: 1,683.62 pts (+11.49pts, +0.69%)
The FBM KLCI (+0.7%) snapped a five-day losing streak as investors cheered on the positive Sino-U.S. trade developments in the G20 meeting. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,958 (+RM7, +0.36%)
Crude palm oil prices halted a seven-day losing streak, in line with gains across other oil-related commodity prices. The immediate support is located around RM1,920.

WTI Crude Oil: $59.09 (+$0.62, +1.06%)
Crude oil prices rebounded as OPEC and its’ allies signals for extension of production cut for the next nine months. The immediate resistance is located at US$63.

Gold: $1,384.19 (-$25.36, -1.80%)
Gold prices endured its single worst session year-to-date, dragged down by the positive trade progress between U.S. and China. The immediate support is located around $1,350.

Economic Releases:
EU - Eurozone's Producer Price Index, 5.00PM

Technical Trading Stocks - 2 Jul 19 
Stock Name: IWCITY (1589)
Entry: Buy above RM1.10
Target: RM1.19 (8.2%), RM1.28 (16.4%)
Stop: RM1.04 (-5.5%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: G3 (7184)
Entry: Buy above RM1.48
Target: RM1.63 (10.1%), RM1.75 (18.2%)
Stop: RM1.41 (-4.7%)
Shariah: No
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.