Dow Jones: 21,808.40 pts (-5.27pts, -0.02%)
U.S. stockmarkets ended mixed on Monday with the Dow (-0.02%) closing marginally lower as investors access the economic impact from Hurricane Harvey, while the S&P 500 gained 0.1%. The immediate support is located at 21,200.

FBM KLCI: 1,769.49 pts (+0.32pts, +0.02%)
The FBM KLCI (+0.02%) extended its gains to close marginally higher yesterday amid the higher crude oil prices but the lower liners extended their losses. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,750 (-RM12, -0.44%)
Crude palm oil prices retreated as the firmer Ringgit against the US Dollar continues to weigh. The immediate resistance is envisaged around RM2,750.

WTI Crude Oil: $46.57 (-$1.30, -2.72%)
Crude oil prices fell on concern over a sudden decline in demand as oil refineries production were shut. The immediate support is located at US$42

Gold: $1,310.13 (+$0.56, +0.04%)
Gold prices advanced past the US$1,300 level as the U.S. Dollar continues its downward momentum against a basket of currencies. The next resistance will be pegged around US$1350.

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

Bursa Malaysia Trade Statistics - 28 Aug 17
Institutions:  Net SELL 20.2 mln (50.9%)
Retail:  Net BUY 13.1 mln (27.9%)
Foreign:  Net BUY 7.1 mln (21.2%)

Potential Momentum Stocks - 29 Aug 17 
Stock Name: SENDAI (5205)
Entry: Buy above RM1.08
Target: RM1.21 (12.0%), RM1.25 (15.7%)
Stop: RM1.00 (-7.4%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: PWF (7134)
Entry: Buy above RM1.08
Target: RM1.17 (8.3%), RM1.20 (11.1%)
Stop: RM1.01 (-6.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

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.