Dow Jones: 27,269.97 pts (-79.22pts, -0.29%)
U.S. stockmarkets finished on a mixed note overnight as the Dow fell 0.3% on the unexpected weak corporate earnings from Boeing and Caterpillar Inc., but both the S&P 500 (+0.5%) and Nasdaq (+0.9%) closed at fresh record high levels, boosted by gains in technology shares. The immediate resistance is located at 27,500.

FBM KLCI: 1,652.41 pts (-3.26pts, -0.20%)
The FBM KLCI (-0.2%) erased all its intraday gains on quick profit taking activities in selected oil & gas and banking heavyweights yesterday. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,029 (+RM25, +1.25%)
Crude palm oil prices advanced for the third straight session on expectation that India will ramp up purchases, coupled with the weaker Ringgit against the Greenback. The immediate resistance is located around RM2,100.

WTI Crude Oil: $55.88 (-$0.89, -1.57%)
Crude oil prices formed a bearish engulfing candle to snap a three-day winning streak as Saudi Arabia and Kuwait discuss on the possibility to resume production in the Neutral Zone, offset the larger-than-expected decline in U.S. production level. The immediate support is located at US$50.

Gold: $1,425.86 (+$8.03, +0.57%)
Gold prices advanced for the first time in four days as investors braced for the U.S. Federal Reserve rate cut announcement next week. The immediate support is located around $1,400.

Economic Releases:
EU - Eurozone's European Central Bank's Interest Rate Decision, 7.45PM

Technical Trading Stocks - 25 Jul 19 
Stock Name: MI (5286)
Entry: Buy above RM1.75
Target: RM1.86 (6.3%), RM1.91 (9.1%)
Stop: RM1.67 (-4.6%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: EWINT (5283)
Entry: Buy above RM0.67
Target: RM0.70 (4.5%), RM0.73 (9.0%)
Stop: RM0.64 (-4.5%)
Shariah: No
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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