Dow Jones: 26,124.57 pts (+60.55pts, +0.23%)
U.S. stockmarkets extended their gains as the Dow rose 0.2% to close at its highest level since February 2018, boosted by optimism over imminent trade deal with Canada. The immediate resistance is located at 26,600.

FBM KLCI: 1,820.64 pts (-6.26pts, -0.34%)
The FBM KLCI (-0.3%) erased some of the previous session gains on profit taking activities in selected index heavyweights yesterday. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,217 (-RM15, -0.67%)
Crude palm oil prices trended lower amid the rising stockpile in both Malaysia and Indonesia. The immediate support is located around RM2,200.

WTI Crude Oil: $69.51 (+$0.98, +1.43%)
Crude oil prices staged a sharp rally, boosted by the larger-than-expected drawdown in U.S. inventory level. The immediate resistance is located at US$70.

Gold: $1,206.60 (+$5.60, +0.47%)
Gold prices rebounded after the U.S. Dollar stabilised against a basket of currencies. The immediate resistance will be pegged around US$1,250.

Economic Releases:
JP - Japan's Retail Sales, 7.50AM
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Business Confidence, 5.00PM
EU - Eurozone's Economic Sentiment, 5.00PM
EU - Eurozone's Industrial Sentiment, 5.00PM

Bursa Malaysia Trade Statistics - 29 Aug 18
Institutions:  Net BUY 129.2 mln (55.2%)
Retail:  Net SELL 7.6 mln (21.9%)
Foreign:  Net SELL 121.6 mln (22.9%)

Potential Momentum Stocks - 30 Aug 18 
Stock Name: EWINT (5283)
Entry: Buy above RM1.11
Target: RM1.20 (8.1%), RM1.27 (14.4%)
Stop: RM1.05 (-5.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: PWROOT (7237)
Entry: Buy above RM1.58
Target: RM1.65 (4.4%), RM1.74 (10.1%)
Stop: RM1.51 (-4.4%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

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.