Dow Jones: 26,496.67 pts (+150.66pts, +0.57%)
U.S. stockmarkets extended their gains as the Dow added 0.6% on optimism that both U.S. and China may be able to strike a partial trade deal from the two-day meeting between both parties. The immediate resistance is located at 27,000.

FBM KLCI: 1,551.87 pts (+0.64pts, +0.04%)
The FBM KLCI (+0.04%) registered miniscule gains ahead of the tabling of Budget 2020, whilst U.S.-China trade negotiations remain in the deadlock yesterday. The immediate support is located at 1,550.

Crude Palm Oil: RM2,201 (+RM5, +0.23%)
Crude palm oil prices advanced for the fifth straight session on expectations over higher demand that offset the rising Malaysia inventory level. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.55 (+$0.96, +1.84%)
Crude oil prices advanced after OPEC pledged to curtail their supply level to restore the demand-supply condition for 2020. The immediate resistance is located at US$58.

Gold: $1,493.99 (-$11.58, -0.77%)
Gold prices retreated as investors opted for riskier assets amid optimism from the U.S.-China trade progress. The immediate support is located around $1,450.

Economic Releases:
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Unemployment Rate, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM
MY - Malaysia’s Budget 2020, 4.00PM

M+ Online Technical Trading Stocks - 11 Oct 19

Stock Name: DRBHCOM (1619)
Entry: Buy above RM2.42
Target: RM2.56 (5.8%), RM2.72 (12.4%)
Stop: RM2.28 (-5.8%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: PADINI (7052)
Entry: Buy above RM3.85
Target: RM4.11 (6.8%), RM4.30 (11.7%)
Stop: RM3.65 (-5.2%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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