Dow Jones: 27,347.36 pts (+301.13pts, +1.11%)
U.S. stockmarkets ended the week sharply higher as the Dow jumped 1.1%, propelled by the stronger-than-expected jobs data, coupled with the positive developments over U.S.-China trade negotiations progress. The immediate resistance is located at 27,500.

FBM KLCI: 1,593.34 pts (-4.64pts, -0.29%)
The FBM KLCI (-0.3%) staged a mild pullback as investors were quick to lock in their gains from the previous session rally. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,461 (-RM24, -0.97%)
Crude palm oil prices extended its's losses in tandem with the weaker soybean oil prices, coupled with the stronger Ringgit against the Greenback. The immediate resistance is located around RM2,500.

WTI Crude Oil: $56.20 (+$2.02, +3.73%)
Crude oil prices snapped a four-day losing streak, boosted by the strong economic data from U.S. The immediate resistance is located at US$58.

Gold: $1,514.34 (+$17.33, +1.16%)
Gold prices inched marginally higher for the third straight session on the weaker Greenback against a basket of currencies. The immediate resistance is located around $1,550.

Economic Releases:
EU - Eurozone's Markit Manufacturing PMI, 5.00PM

M+ Online Technical Trading Stocks - 4 Nov 19

Stock Name: BAHVEST (0098)
Entry: Buy above RM0.53
Target: RM0.595 (12.3%), RM0.62 (17.0%)
Stop: RM0.50 (-5.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: MIECO (5001)
Entry: Buy above RM0.31
Target: RM0.34 (9.7%), RM0.36 (16.1%)
Stop: RM0.295 (-4.8%)
Shariah: Yes
Technical: Flag-formation 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.