Dow Jones: 27,219.85 pts (-115.78pts, -0.42%)
U.S. stockmarkets extended their losses as the Dow fell 0.4% on the concern over Sino-U.S. trade spat, coupled with the mixed bag of corporate earnings. The immediate support is located at 27,000.

FBM KLCI: 1,657.53 pts (-11.41pts, -0.68%)
The FBM KCLI (-0.7%) remain downbeat alongside with the negative momentum across its regional peers, bogged down by fresh concern over the prolonged U.S.-China trade dispute. The immediate support is located at 1,650.

Crude Palm Oil: RM1,988 (+RM7, +0.35%)
Crude palm oil prices managed to recover all its intraday losses to edge higher for the fifth straight session as Malaysia will focus to roll out the biodiesel mandate in the transportation section in 2020. The immediate resistance is located around RM2,000.

WTI Crude Oil: $56.78 (-$0.84, -1.45%)
Crude oil prices retreated for the third straight session, dragged down by concern over waning demand og U.S. gasoline. The immediate support is located at US$55.

Gold: $1,426.57 (+$20.34, +1.45%)
Gold prices formed a bullish engulfing candle to recover all its previous two session of losses as investors anticipate for the interest rate cut from the U.S. Federal Reserve in coming weeks. The immediate resistance is located around $1,450.

Economic Releases:
UK - United Kingdom's Retail Sales, 4.30PM

Technical Trading Stocks - 18 Jul 19 
Stock Name: TECHBND (5289)
Entry: Buy above RM0.77
Target: RM0.805 (4.5%), RM0.835 (8.4%)
Stop: RM0.745 (-3.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: TALIWRK (8524)
Entry: Buy above RM0.925
Target: RM0.975 (5.4%), RM1.03 (11.4%)
Stop: RM0.90 (-2.7%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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