Dow Jones: 27,088.08 pts (+227.88pts, +0.85%)
U.S. stockmarkets closed at fresh record high levels, boosted by the extended buying from the dovish U.S. Federal Reserve stance as the Dow gained 0.9% to close above the 27,000 psychological level overnight. The immediate resistance is located at 27,000.

FBM KLCI: 1,679.26 pts (+0.29pts, +0.02%)
he FBM KLCI (+0.02%) managed to eke out marginal gains, lifted by the eleventh hour mild buying support in selected index heavyweights yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,941 (+RM4, +0.21%)
Crude palm oil prices edged marginally higher alongside with gains across oil-related commodities. The immediate support is located around RM1,920.

WTI Crude Oil: $60.20 (-$0.23, -0.38%)
Crude oil prices staged a mild pullback as concern over the on-going sluggish demand re-surfaced. The immediate resistance is located at US$60.

Gold: $1,403.81 (-$15.21, -1.07%)
Gold prices retreated as demand for safe haven assets faded with investors opt for riskier assets. The immediate resistance is located around $1,450.

Technical Trading Stocks - 12 Jul 19 
Stock Name: CARIMIN (5257)
Entry: Buy above RM0.91
Target: RM1.01 (11.0%), RM1.07 (17.6%)
Stop: RM0.86 (-5.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: EATECH (5259)
Entry: Buy above RM0.46
Target: RM0.50 (8.7%), RM0.54 (17.4%)
Stop: RM0.43 (-6.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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