Dow Jones: 21,830.31 pts (+33.76pts, +0.15%)
U.S. stockmarkets ended mixed overnight as the Dow (+0.2%) closed at a fresh record high level, lifted by the strong 2Q2011 GDP data that grew 2.6% while the S&P 500 fell 0.1%. The next resistance is located at 22,000.

FBM KLCI: 1,767.08 pts (-2.99pts, -0.17%)
The FBM KLCI (-0.2%) succumbs to profit taking activities in tandem with the weakness in key regional indices. The key index is likely to remain rangebound between the 1,750-1,770 levels.

Crude Palm Oil: RM2,655 (-RM22, -0.82%)
Crude palm oil prices retreated from two-month high level on profit taking activities. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $49.71 (+$0.67, +1.37%)
Crude oil prices registered its fifth consecutive winning streak as U.S. fuel consumption in June 2017 rose to the highest level in a decade. The immediate resistance is located at US$50.

Gold: $1,269.64 (+$10.49, +0.83%)
Gold prices rebounded on increasing demand. The immediate resistance will be pegged around US$1300.

Economic Releases:
CN - China's NBS Manufacturing PMI, 9.00AM
CN - China's Non-Manufacturing PMI, 9.00AM
EU - Eurozone's Unemployment Rate, 5.00PM

Bursa Malaysia Trade Statistics - 28 Jul 17
Institutions:  Net SELL 32.0 mln (57.1%)
Retail:  Net BUY 12.9 mln (15.7%)
Foreign:  Net BUY 19.1 mln (27.2%)

Potential Momentum Stocks - 31 Jul 17 
Stock Name: CHINWEL (5007)
Entry: Buy above RM1.85
Target: RM1.97 (6.5%), RM2.10 (13.5%)
Stop: RM1.77 (-4.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SEACERA (7073)
Entry: Buy above RM1.41
Target: RM1.50 (6.4%), RM1.66 (17.7%)
Stop: RM1.34 (-5.0%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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