Dow Jones: 27,766.29 pts (-54.80pts, -0.20%)
U.S. stockmarkets recorded their third straight session of decline as the Dow fell 0.2% amid the lingering uncertainty over Sino-U.S. trade war progress. The immediate support is located at 27,500.

FBM KLCI: 1,592.19 pts (-8.95pts, -0.56%)
The FBM KLCI (-0.6%) extended its' losses after lingering mostly in the negative territory, dragged down by weakness in Petronas-related heavyweights yesterday. The immediate resistance is located at 1,610.

Crude Palm Oil: RM2,667 (-RM18, -0.67%)
Crude palm oil prices retreated from two-year high taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,700.

WTI Crude Oil: $58.58 (+$1.47, +2.56%)
Crude oil prices extended its' gains to close at two-month high on reports that OPEC's production cut may extend till June 2020. The immediate resistance is located at US$64.

Gold: $1,464.41 (-$7.20, -0.49%)
Gold prices erased all its' previous session gains after China trade officials have contacted U.S. trade officials regarding a meeting in China soon. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM

M+ Online Technical Trading Stocks - 22 Nov 19

Stock Name: IOICORP (1961)
Entry: Buy above RM4.48
Target: RM4.70 (4.9%), RM4.80 (7.1%)
Stop: RM4.32 (-3.6%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: DANCO (5276)
Entry: Buy above RM0.54
Target: RM0.585 (8.3%), RM0.61 (13.0%)
Stop: RM0.495 (-8.3%)
Shariah: Yes
Technical: Monitor for trendline 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.