Dow Jones: 27,359.16 pts (+27.13pts, +0.10%)
U.S. stockmarkets edged higher to close at another fresh record high level as the Dow gained 0.1% ahead of a barrage of corporate earnings release. The immediate resistance is located at 27,500.

FBM KLCI: 1,672.37 pts (+2.92pts, +0.17%)
The FBM KCLI (+0.2%) formed a hammer candle, recovering all its intraday losses after rising into the positive territory in the eleventh trading hour yesterday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM1,988 (+RM15, +0.76%)
Crude palm oil prices extended their gains, taking cue from the higher soybean oil prices. The immediate support is located around RM1,920.

WTI Crude Oil: $59.58 (-$0.63, -1.04%)
Crude oil prices retreated as the mixed Chinese economy data raised fresh concern over sluggish demand. The immediate resistance is located at US$66.

Gold: $1,414.13 (-$1.62, -0.11%)
Gold prices edged lower on the account of softer demand for safe haven assets. The immediate resistance is located around $1,450.

Economic Releases:
UK - United Kingdom's Unemployment Rate, 4.30PM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM

Technical Trading Stocks - 16 Jul 19 
Stock Name: JOHOTIN (7167)
Entry: Buy above RM1.45
Target: RM1.52 (4.8%), RM1.60 (10.3%)
Stop: RM1.38 (-4.8%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: FAVCO (7229)
Entry: Buy above RM2.83
Target: RM2.95 (4.2%), RM3.03 (7.1%)
Stop: RM2.76 (-2.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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