Dow Jones: 27,934.02 pts (-102.20pts, -0.36%)
U.S. stockmarkets retreated from their all-time high levels as the Dow fell 0.4% after U.S. President threaten to raise tariffs should the "Phase 1" trade agreement fail to materialise. The immediate resistance is located at 28,500.
FBM KLCI: 1,605.31 pts (+0.95pts, +0.06%)
Once again, the eleventh hour bargain hunting in selected index heavyweights shored the FBM KLCI (+0.1%) higher as the key index defended the 1,600 psychological level yesterday. The immediate resistance is located at 1,620.
Crude Palm Oil: RM2,622 (+RM25, +0.96%)
Crude palm oil prices rebounded on optimism over rising exports, coupled with the weaker Ringgit against the U.S. Dollar. The immediate resistance is located around RM2,650.
WTI Crude Oil: $55.15 (-$1.90, -3.33%)
Crude oil prices extended its' losses reacting to the pessimism over Sino-U.S. trade progress. The immediate resistance is located at US$58.
Gold: $1,472.46 (+$0.95, +0.06%)
Gold prices extended its' gains, lifted by the fresh uncertainty over U.S.-China trade talks. The immediate resistance is located around $1,500.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
M+ Online Technical Trading Stocks - 20 Nov 19
Stock Name: DAYANG (5141)
Entry: Buy above RM2.01
Target: RM2.20 (9.5%), RM2.35 (16.9%)
Stop: RM1.85 (-8.0%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: LEWEKO (8745)
Entry: Buy above RM0.215
Target: RM0.24 (11.6%), RM0.255 (18.6%)
Stop: RM0.195 (-9.3%)
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.