Dow Jones: 27,821.09 pts (-112.93pts, -0.40%)
U.S. stockmarkets extended their losses as the Dow slipped 0.4% on reports that the partial U.S.-China trade agreement could not be completed in 2019. The immediate support is located at 27,500.

FBM KLCI: 1,601.14 pts (-4.17pts, -0.26%)
The FBM KLCI (-0.3%) turned lower, mirroring the weakness across the regional peers after hovering in the negative territory for the entire trading session yesterday. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,685 (+RM63, +2.40%)
Crude palm oil prices surged to two-year high on the solid exports data, coupled with the rising demand as Indonesia and Malaysia pushes for the mandatory higher biofuel usage. The immediate resistance is located around RM2,750.

WTI Crude Oil: $57.01 (+$1.80, +3.26%)
Crude oil prices rallied after U.S. key storage hub reported a biggest decline of inventory level in months. The immediate resistance is located at US$58.

Gold: $1,471.61 (-$0.85, -0.06%)
Gold prices staged a mild pullback as gains were capped by the rising U.S. Dollar against a basket of currencies. The immediate resistance is located around $1,500.

Economic Releases:
US - United States' Existing Home Sales, 11.00PM

M+ Online Technical Trading Stocks - 21 Nov 19

Stock Name: ELSOFT (0090)
Entry: Buy above RM0.94
Target: RM1.00 (6.4%), RM1.05 (11.7%)
Stop: RM0.91 (-3.2%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: SCOMNET (0001)
Entry: Buy above RM0.86
Target: RM0.91 (5.8%), RM0.97 (12.8%)
Stop: RM0.81 (-5.8%)
Shariah: Yes
Technical: Monitor for 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.