FBMKLCI Futures & OKLI Daily Preview
FCPO and OCPO Futures Daily Preview
U.S Energy Preview
U.S Index Preview
Fundamental:

Expect futures to open higher today tracking gains in the overnight U.S. stock markets. However, intermittent profit taking activities after recent advance and weak indication from U.S. futures markets could limit the upside.

Strategy:

Traders may long with a stop on or below 1,682.0.
* Support and resistance can be eyed at 1,682.0 to 1,695.0 respectively. 

Fundamental:

Malaysian palm oil futures snapped its previous seven session of losses to settle higher yesterday amid the overnight gains in rival oil market.

Strategy:

Traders may short with a stop on or above 1,970.
* The support and resistance for today can be pegged at 1,935 and 1,970 respectively.

Summary:

Oil prices pared gains on Monday after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna. 

NYMEX Crude Oil Strategy:
  • Trader may long near 60.05 with a stop at or below 59.75 and profit target near 60.75.
  • Trader may long near 56.75 with a stop at or below 56.50 and profit target near 58.20.
  • Trader may short near 58.45 with a stop at or above 58.75 and profit target near 57.35.
  • Trader may short near 59.05 with a stop at or above 59.30 and profit target near 58.50.

* The market is expected to trade between the support and resistance of 56.55 and 61.95 respectively.

Summary:

U.S. stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.

E-Mini S&P500 Strategy:
  • Trader may long at 26,574 with a stop at or below 26,430 and profit target near 26,861.
  • Trader may long at 26,735 with a stop at or below 26,412 and profit target near 27,022.

* The support and resistance can be pegged between 26,574 and 26,861.

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