Dow Jones: 26,543.33 pts (+81.25pts, +0.31%)
U.S. stockmarkets rebounded as the Dow rose 0.3% as investors cheered on the U.S. 1Q2019 GDP data that rose 3.2% Y.o.Y on last Friday. The immediate resistance is located at 27,000.

FBM KLCI: 1,638.38 pts (+2.70pts, +0.17%)
The FBM KLCI (+0.2%) managed to recover all its intraday losses, supported by selective buying support in the eleventh hour of the trading session. The immediate resistance is located at 1,645.

Crude Palm Oil: RM2,118 (-RM39, -1.81%)
Crude palm oil prices extended its losses to record its worst weekly decline (-3.3% W.o.W) since November 2018 amid the elevated stockpile, coupled with the slump in soybean oil prices. The immediate support is located around RM2,100.

WTI Crude Oil: $63.30 (-$1.91, -2.91%)
Crude oil prices took a beating to close lower for the third straight session after U.S. President Donald Trump pressured OPEC to lower crude oil prices by ramping up production. The immediate resistance is located at US$67.

Gold: $1,286.16 (+$8.99, +0.70%)
Gold prices advanced for the third straight session after the U.S. Dollar retreated against a basket of currencies. The immediate support is located around $1,250.

Economic Releases:
EU - Eurozone's Business Confidence, 5.00PM
EU - Eurozone's Services Sentiment, 5.00PM
EU - Eurozone's Consumer Confidence, 5.00PM
EU - Eurozone's Economic Sentiment, 5.00PM
EU - Eurozone's Industrial Sentiment, 5.00PM

Technical Trading Stocks - 29 Apr 19 
Stock Name: DUFU (7233)
Entry: Buy above RM2.06
Target: RM2.25 (9.2%), RM2.43 (18.0%)
Stop: RM1.95 (-5.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: PWROOT (7237)
Entry: Buy above RM1.35
Target: RM1.46 (8.1%), RM1.50 (11.1%)
Stop: RM1.27 (-5.9%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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