Dow Jones: 27,198.02 pts (-23.33pts, -0.09%)
U.S. stockmarkets were downbeat overnight as the Dow fell 0.1%, dragged down by fresh concern over Sino-U.S. trade negotiation, coupled with a mixed bag of corporate earnings. The immediate resistance is located at 27,500.
FBM KLCI: 1,642.69 pts (-5.27pts, -0.32%)
The FBM KLCI (-0.3%) extended its losses alongside with the negative performance across its regional peers ahead of the mid-week break on Monday. The immediate resistance is located at 1,670.
Crude Palm Oil: RM2,061 (-RM6, -0.29%)
Crude palm oil prices retreated for the first time in six days on the lower crude oil prices. The immediate resistance is located around RM2,100.
WTI Crude Oil: $58.05 (+$1.18, +2.08%)
Crude oil prices advanced, boosted by the expectations over lower U.S. inventory level. The immediate resistance is located at US$60.
Gold: $1,430.88 (+$4.08, +0.29%)
Gold prices advanced on fresh trade uncertainty between U.S. and China. The immediate support is located around $1,400.
Economic Releases:
CN - China's NBS Manufacturing PMI, 9.00AM
CN - China's Non-Manufacturing PMI, 9.00AM
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Unemployment Rate, 5.00PM
Technical Trading Stocks - 31 Jul 19
Stock Name: UCREST (0005)
Entry: Buy above RM0.24
Target: RM0.265 (10.4%), RM0.28 (16.7%)
Stop: RM0.22 (-8.3%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: BSTEAD (2771)
Entry: Buy above RM1.14
Target: RM1.26 (10.5%), RM1.35 (18.4%)
Stop: RM1.09 (-4.4%)
Shariah: Yes
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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