Dow Jones: 26,922.12 pts (-43.88pts, -0.16%)
U.S. stockmarkets staged a pullback from their record high levels as the Dow fell 0.2% on lower expectations over potential interest rate cut from the U.S Federal Reserve. The immediate resistance is located at 27,000.

FBM KLCI: 1,682.53 pts (-4.95pts, -0.29%)
The FBM KLCI (-0.3%) remain in the red for the third straight session, weighed down by weakness in Tenaga Nasional (-3.8%) on the government's move to potentially liberising electricity for retail users. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,960 (+RM10, +0.51%)
Crude palm oil prices rebounded after recovering all its intraday losses, mirroring the positive performance across soybean oil prices. The immediate support is located around RM1,920.

WTI Crude Oil: $57.51 (+$0.17, +0.30%)
Crude oil prices advanced, boosted by the decline in number of U.S. oil rigs, coupled with the rising geopolitical tension in the Middle East. The immediate resistance is located at US$60.

Gold: $1,399.45 (-$16.63, -1.17%)
Gold prices took a dive after the Greenback advanced against a basket of currencies as prospect of interest rate cut from the U.S. Federal Reserve diminished. The immediate resistance is located around $1,450.

Economic Releases:
JP - Japan's Machinery Orders, 7.50AM

Technical Trading Stocks - 8 Jul 19 
Stock Name: MALTON (6181)
Entry: Buy above RM0.59
Target: RM0.63 (6.8%), RM0.655 (11.0%)
Stop: RM0.56 (-5.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: EWEIN (7249)
Entry: Buy above RM0.70
Target: RM0.74 (5.7%), RM0.775 (10.7%)
Stop: RM0.67 (-4.3%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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