Dow Jones: 21,807.64 pts (+54.33pts, +0.25%)
Wall Street rebounded overnight as the Dow rose 0.3% on the rally in energy shares coupled with easing geopolitical concern in North Korea. The immediate support is located at 21,200.
FBM KLCI: 1,772.48 pts (+2.85pts, +0.16%)
The FBM KLCI (+0.2%) staged a mild recovery yesterday, bucking the negative market sentiment across key regional indices. The immediate resistance is located at 1,780.
Crude Palm Oil: RM2,744 (-RM23, -0.83%)
Crude palm oil prices retreated after the Ringgit strengthened against the Greenback. The immediate resistance is envisaged around RM2,750.
WTI Crude Oil: $49.16 (+$0.50, +1.03%)
Crude oil prices extended their gains at 4-weeks high as refineries in U.S. resume production after the Hurricane Harvey. The immediate support is located at US$42
Gold: $1,334.22 (-$5.49, -0.41%)
Gold prices staged a pullback, erasing all its previous session gains. The immediate resistance will be pegged around US$1350.
Economic Releases:
EU - Eurozone's European Central Bank Interest Rate Decision, 7.45PM
Bursa Malaysia Trade Statistics - 6Sep17
Institutions: Net SELL 54.7 mln (54.4%)
Retail: Net SELL 5.6 mln (20.4%)
Foreign: Net BUY 60.3 mln (25.2%)
Potential Momentum Stocks - 7Sep17
Stock Name: GOB (1147)
Entry: Buy above RM0.39
Target: RM0.41 (5.1%), RM0.435 (11.5%)
Stop: RM0.37 (-5.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: KSL (5038)
Entry: Buy above RM1.27
Target: RM1.33 (4.7%), RM1.39 (9.4%)
Stop: RM1.22 (-3.9%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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