Dow Jones: 26,909.43 pts (+73.92pts, +0.28%)
U.S. stockmarkets advanced after recovering all their intraday losses, boosted by the eleventh hour buying support as the Dow gained 0.3% on reports that China is ready to purchase more U.S. agricultural products. The immediate resistance is located at 27,000.

FBM KLCI: 1,595.85 pts (-8.62pts, -0.54%)
The FBM KLCI (-0.5%) resume trading on a downbeat manner, dragged down by telco heavyweights following the called off proposed Telenor-Axiata merger. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,222 (+RM21, +0.95%)
Crude palm oil prices advanced after end-August 2019 stockpiles fell to 13-months low. The immediate resistance is located around RM2,250.

WTI Crude Oil: $57.40 (-$0.45, -0.78%)
Crude oil prices retreated after the Energy Information Administration lowered its 2019 and 2020 price forecasts amid the rising U.S. production. The immediate resistance is located at US$58.

Gold: $1,485.78 (-$13.35, -0.89%)
Gold prices trended lower for the fourth straight session as the U.S. 10-year treasury yields advanced. The immediate support is located around $1,450.

Economic Releases:
MY - Malaysia's Retail Sales, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
US - United States' Producer Price Index, 8.30PM

M+ Online Technical Trading Stocks - 12Sep19

Stock Name: MAGNUM (3859)
Entry: Buy above RM2.85
Target: RM2.98 (4.6%), RM3.10 (8.8%)
Stop: RM2.74 (-3.9%)
Shariah: No
Technical: Monitor for breakout

Stock Name: TEOSENG (7252)
Entry: Buy above RM1.11
Target: RM1.19 (7.2%), RM1.27 (14.4%)
Stop: RM1.07 (-3.6%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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