Dow Jones: 26,966.00 pts (+179.32pts, +0.67%)
U.S. stockmarkets were closed for the Independence Day public holiday, whilst futures market started off on a positive note on expectations over interest rate cut from the U.S. Federal Reserve. The immediate resistance is located at 27,000.
FBM KLCI: 1,687.48 pts (-2.57pts, -0.15%)
The FBM KLCI (-0.2%) inched lower for the second session, weighed down by the renewed volatility in crude oil price yesterday. The immediate resistance is located at 1,700.
Crude Palm Oil: RM1,950 (-RM6, -0.31%)
Crude palm oil prices extended its losses as gains arising from the stronger CPO export data was overshadowed by the firmer Ringgit against the Greenback. The immediate support is located around RM1,920.
WTI Crude Oil: $57.34 (+$1.09, +1.92%)
Trading in crude oil prices was also closed in conjunction with the U.S. Independence Day public holiday. The immediate resistance is located at US$60.
Gold: $1,416.08 (-$2.70, -0.19%)
Gold prices retreated as investors' attention shifted to riskier assets. The immediate resistance is located around $1,450.
Economic Releases:
US - United States' Unemployment Rate, 8.30PM
Technical Trading Stocks - 5 Jul 19
Stock Name: TRC (5054)
Entry: Buy above RM0.65
Target: RM0.705 (8.5%), RM0.73 (12.3%)
Stop: RM0.62 (-4.6%)
Shariah: Yes
Technical: Trendline breakout
Stock Name: IGBREIT (5227)
Entry: Buy above RM1.94
Target: RM2.00 (3.1%), RM2.10 (8.2%)
Stop: RM1.90 (-2.1%)
Shariah: No
Technical: Flag-formation breakout
Source: Bloomberg, M+ Online
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