Dow Jones: 27,492.63 pts (+30.52pts, +0.11%)
U.S. stockmarkets ended on a mixed note as the Dow rose 0.1%, boosted by the Institute of Supply Management’s U.S. service sector index that rose to 54.7% in October 2019, but the S&P 500 fell 0.1%. The immediate resistance is located at 27,700.

FBM KLCI: 1,606.74 pts (+3.18pts, +0.20%)
The FBM KLCI (+0.2%) extended its gains, boosted by the eleventh hour buying support in selected index heavyweights, mirroring the positive sentiment across regional peers after Bank Negara maintained the overnight policy rate (OPR) yesterday. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,515 (-RM14, -0.55%)
Crude palm oil prices staged a mild pullback amid the firmer Ringgit against the Greenback. The immediate resistance is located around RM2,550.

WTI Crude Oil: $57.23 (+$0.34, +0.61%)
Crude oil prices trended higher for the third straight session, despite the unexpected U.S. weekly inventory build-up. The immediate resistance is located at US$58.

Gold: $1,483.61 (-$26.21, -1.74%)
Gold prices extended its' losses amid the expectations over improving U.S.-China trade negotiations progress. The immediate support is located around $1,450.

Economic Releases:
EU - Eurozone's Markit Services PMI, 5.00PM
EU - Eurozone's Markit Composite PMI, 5.00PM
EU - Eurozone's Retail Sales, 6.00PM
 

M+ Online Technical Trading Stocks - 6 Nov 19

Stock Name: INTA (0192)
Entry: Buy above RM0.285
Target: RM0.31 (8.8%), RM0.325 (14.0%)
Stop: RM0.27 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: ULICORP (7133)
Entry: Buy above RM0.605
Target: RM0.645 (6.6%), RM0.70 (15.7%)
Stop: RM0.57 (-5.8%)
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.