Dow Jones: 27,462.11 pts (+114.75pts, +0.42%)
U.S. stockmarkets started off the week on a solid footing as the Dow (+0.4%) was powered to close at fresh record high level amid optimism over U.S-China trade progress. The immediate resistance is located at 27,500.

FBM KLCI: 1,603.56 pts (+10.22pts, +0.64%)
The FBM KLCI (+0.6%) recovered all its' previous session losses in line with gains across regional peers as the key index closed above the 1,600 psychological level for the first time since mid-September 2019. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,529 (+RM68, +2.76%)
Crude palm oil prices staged a sharp recovery in line with gains across other oil-related commodities. The immediate resistance is located around RM2,550.

WTI Crude Oil: $56.20 (+$2.02, +3.75%)
Crude oil prices extended its' gains after Iranian Oil Minister Zanganeh hinted that OPEC may cut production in the upcoming meeting next month. The immediate resistance is located at US$58.

Gold: $1,509.82 (-$4.52, -0.30%)
Gold prices finished lower as investors flocked to riskier assets amid the positive developments over Sino-U.S. trade progress. The immediate resistance is located around $1,550.

Economic Releases:
CN - China's Caixin Services PMI, 9.45AM
CN - China's Caixin Composite PMI, 9.45AM
MY - Malaysia's Bank Negara's Interest Rate Decision, 3.00PM
EU - Eurozone's Producer Price Index, 5.00PM
US - United States' Markit Composite PMI, 10.45PM
US - United States' Markit Services PMI, 10.45PM
US - United States' ISM Non-Manufacturing PMI, 11.00PM
 

M+ Online Technical Trading Stocks - 5 Nov 19

Stock Name: GDB (0198)
Entry: Buy above RM0.355
Target: RM0.38 (7.0%), RM0.415 (16.9%)
Stop: RM0.335 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: BJTOTO (1562)
Entry: Buy above RM2.66
Target: RM2.82 (6.0%), RM3.00 (12.8%)
Stop: RM2.53 (-4.9%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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