Dow Jones: 18,400.88 pts (-53.42pts, -0.29%)
Wall Street ended low led by weaker energy sector on the back of softer crude oil prices. The Dow may revisit the immediate support of 18,247.

FBM KLCI: 1,678.06 pts (-3.54pts, -0.21%)
The FBM KLCI formed a bearish engulfing bar on Tuesday and violated below the 1,680 level. Next support will be located around 1,660.

Crude Palm Oil: RM2,526 (+RM9, +0.36%)
Crude palm oil still trending within the pullback phase below the RM2,600 level. If CPO falls below the RM2,500 level, next support will be set around RM2,400.

WTI Crude Oil: $44.70 (-$1.64, -3.55%)
Crude oil prices dived sharply below the US$45 per barrel mark after crude inventories increased 2.28 mln barrels last week, according to Energy Information Administration. 

Gold: $1,308.97 (-$2.19, -0.17%)
Gold headed for another lower session as traders continue to speculate that the Fed may raise interest rate this year. Gold may continue to consolidate towards the US$1,300 level.

Economic Releases:
US - ISM Manufacturing PMI - 1Sep16, 10:00PM

Bursa Malaysia Trade Statistics - 30 Aug 16
Institutions:  Net BUY 13.0 mln (46.2%)
Retail:  Net BUY 16.4 mln (15.6%)
Foreign:  Net SELL 29.4 mln (38.2%)

Potential Momentum Stocks - 01Sep16 
Stock Name: CHINHIN (5273)
Entry: Buy above RM0.87
Target: RM0.915 (5.2%), RM0.95 (9.2%)
Stop: RM0.855 (-1.7%)
Shariah: Yes
Technical: Short term breakout

Stock Name: DRBHCOM (1619)
Entry: Buy above RM1.28
Target: RM1.42 (10.9%), RM1.50 (17.2%)
Stop: RM1.20 (-6.3%)
Shariah: Yes
Technical: Price surged above EMA9

Source: Bloomberg, M+ Online

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