Dow Jones: 27,349.19 pts (+177.29pts, +0.65%)
U.S. stockmarkets rallied overnight as the Dow gained 0.7%, while the S&P 500 re-claims the 3,000 psychological level, boosted by optimism over U.S.-China trade developments. The immediate resistance is located at 27,500.
FBM KLCI: 1,655.67 pts (+0.27pts, +0.02%)
The FBM KLCI (+0.02%) registered marginal gains after trading in a lacklustre manner amid the lack of fresh catalyst yesterday. The immediate resistance is located at 1,670.
Crude Palm Oil: RM2,004 (+RM21, +1.06%)
Crude palm oil prices extended its gains, taking cue from the higher prices in other oil-related commodities, coupled with the weaker Ringgit against the Greenback. The immediate resistance is located around RM2,050.
WTI Crude Oil: $56.77 (+$0.55, +0.98%)
Crude oil prices advanced for the third straight session on rising tensions in the Middle East after the second Iranian drone was taken out. The immediate support is located at US$55.
Gold: $1,417.83 (-$7.05, -0.49%)
Gold prices retreated for the third straight session amid the firmer Greenback, coupled with the increase appetite in riskier assets. The immediate support is located around $1,400.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
US - United States' New Home Sales, 10.00PM
Technical Trading Stocks - 24 Jul 19
Stock Name: JHM (0127)
Entry: Buy above RM1.28
Target: RM1.37 (7.0%), RM1.45 (13.3%)
Stop: RM1.21 (-5.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: KRONO (0176)
Entry: Buy above RM0.625
Target: RM0.665 (6.4%), RM0.685 (9.6%)
Stop: RM0.59 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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