Dow Jones: 27,154.20 pts (-68.77pts, -0.25%)
U.S. stockmarkets retreated as the Dow fell 0.3% after the U.S. Federal Reserve officials signals for a lower-than-expected interest rate cut at 25 basis points as oppose to 50 basis points last Friday. The immediate support is located at 27,000.
FBM KLCI: 1,658.19 pts (+9.26pts, +0.56%)
The FBM KLCI (+0.6%) formed a bullish candle to recover all its previous session losses in line with the gains across its regional peers on last Friday. The immediate support is located at 1,635.
Crude Palm Oil: RM1,972 (-RM11, -0.55%)
Crude palm oil prices on expectations over higher production output in coming month. The immediate resistance is located around RM2,000.
WTI Crude Oil: $55.63 (+$0.33, +0.60%)
Crude oil prices halted a four-day losing streak as Iran's seizure of oil tankers raised concern over rising geopolitical tension in the Middle East. The immediate support is located at US$55.
Gold: $1,425.37 (-$20.73, -1.43%)
Gold prices retreated as the Greenback rallied against a basket of currencies on the less dovish interest rate stance from the U.S. Federal Reserve officials. The immediate resistance is located around $1,450.
Technical Trading Stocks - 22 Jul 19
Stock Name: IOIPG (5249)
Entry: Buy above RM1.42
Target: RM1.53 (7.7%), RM1.65 (16.2%)
Stop: RM1.31 (-7.7%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: MNRB (6459)
Entry: Buy above RM1.13
Target: RM1.20 (6.2%), RM1.27 (12.4%)
Stop: RM1.07 (-5.3%)
Shariah: No
Technical: Flag-formation breakout
Source: Bloomberg, M+ Online
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