Dow Jones: 27,492.56 pts (-0.07pts, -0.00%)
U.S. stockmarkets finished on a mixed as the Dow ended marginally lower after enduring a choppy trading session on reports that the "Phase 1" Sino-U.S. trade agreement may be delayed, but the S&P 500 added 0.1%. The immediate resistance is located at 27,700.

FBM KLCI: 1,603.25 pts (-3.49pts, -0.22%)
The FBM KLCI (-0.2%) staged a mild pullback after lingering mostly in the negative territory, dragged down by weakness in selected oil & gas heavyweights yesterday. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,554 (+RM39, +1.55%)
Crude palm oil prices rebounded to close at 20-months high on expectations over tighter supply over the foreseeable future. The immediate resistance is located around RM2,600.

WTI Crude Oil: $57.23 (-$0.83, -1.45%)
Crude oil prices formed a bearish engulfing candle to snap a three-day winning streak on as OPEC may rule out deeper production cuts in 2020. The immediate resistance is located at US$58.

Gold: $1,490.57 (+$6.96, +0.47%)
Gold prices rebounded amid the uncertainty surrounding U.S-China trade progress, coupled with the weaker Greenback against a basket of currencies. The immediate support is located around $1,450.

Economic Releases:
UK - United Kingdom's Bank of England Interest Rate Decision, 8.00PM
UK - United Kingdom's Bank of England Quantitative Easing, 8.00PM

M+ Online Technical Trading Stocks - 7 Nov 19

Stock Name: CARIMIN (5257)
Entry: Buy above RM1.28
Target: RM1.37 (7.0%), RM1.40 (9.4%)
Stop: RM1.19 (-7.0%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: ECONBHD (5253)
Entry: Buy above RM0.76
Target: RM0.815 (7.2%), RM0.86 (13.2%)
Stop: RM0.72 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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