Dow Jones: 26,362.25 pts (+326.15pts, +1.25%)
U.S. stockmarkets extended their gains overnight as the Dow rose 1.3%, boosted by optimism over Sino-U.S. trade progress after China reportedly will no retaliate against the latest round of tariffs. The immediate resistance is located at 26,700.
FBM KLCI: 1,595.18 pts (+5.36pts, +0.34%)
The FBM KLCI (+0.3%) halted a three-day losing streak, taking cue from the positive performance on Wall Street overnight. The immediate resistance is located at 1,610.
Crude Palm Oil: RM2,221 (-RM32, -1.42%)
Crude palm oil prices retreated, taking cue from the lower soybean oil prices. The immediate support is located around RM2,200.
WTI Crude Oil: $56.71 (+$0.93, +1.66%)
Crude oil prices trended higher for the third straight session, boosted by optimism over U.S.-China trade progress. The immediate resistance is located at US$58.
Gold: $1,527.63 (-$11.38, -0.74%)
Gold prices extended its losses as investors opted for riskier assets. The immediate resistance is located around $1,550.
Economic Releases:
JP - Japan's Unemployment Rate, 7.30AM
JP - Japan's Retail Sales, 7.50AM
EU - Eurozone's Unemployment Rate, 5.00PM
Technical Trading Stocks - 30 Aug 19
Stock Name: CARIMIN (5257)
Entry: Buy above RM0.94
Target: RM1.01 (7.4%), RM1.09 (16.0%)
Stop: RM0.87 (-7.4%)
Shariah: Yes
Technical: Resistance breakout
Stock Name: INSAS (3379)
Entry: Buy above RM0.795
Target: RM0.83 (4.4%), RM0.86 (8.2%)
Stop: RM0.77 (-3.1%)
Shariah: No
Technical: Consolidation breakout
Source: Bloomberg, M+ Online
Disclaimer
The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.
The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.
Chart | Stock Name | Last | Change | Volume |
---|