Dow Jones: 26,860.20 pts (+76.71pts, +0.29%)
U.S. stockmarkets march higher as the Dow gained 0.3% on the dovish comments from the U.S. Federal Reserve Jerome Powell on interest rate direction. The immediate resistance is located at 27,000.

FBM KLCI: 1,678.97 pts (-3.90pts, -0.23%)
The FBM KLCI (-0.2%) retreated, dragged down by the cautious undertone ahead of the U.S. Federal Reserve on interest rate policy. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,937 (-RM5, -0.26%)
Crude palm oil prices trended lower for the third straight session, taking cue from the lower soybean oil prices. The immediate support is located around RM1,920.

WTI Crude Oil: $60.43 (+$2.60, +4.50%)
Crude oil prices rallied to close at its highest level in more than a month on the shutdown of Gulf of Mexico production ahead of a potential hurricane, coupled with the larger-than-expected U.S. inventory drawdown. The immediate resistance is located at US$60.

Gold: $1,419.02 (+$21.41, +1.53%)
Gold prices extended its gains, lifted by the decline in U.S. Dollar against a basket of currencies amid the potential interest rate cut from the U.S. Federal Reserve. The immediate resistance is located around $1,450.

Economic Releases:
US - United States' Inflation Rate, 8.30PM

Technical Trading Stocks - 11 Jul 19 
Stock Name: JAKS (4723)
Entry: Buy above RM0.81
Target: RM0.90 (11.1%), RM0.94 (16.0%)
Stop: RM0.74 (-8.6%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: KGB (0151)
Entry: Buy above RM1.29
Target: RM1.40 (8.5%), RM1.45 (12.4%)
Stop: RM1.21 (-6.2%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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