Dow Jones: 25,965.09 pts (-473.39pts, -1.79%)
U.S. stockmarkets endured another round of selloff as the Dow sank 1.8%, dragged down by fresh concern over the potential additional tariff on Chinese goods. The immediate support is located at 25,200.

FBM KLCI: 1,639.37 pts (+6.57pts, +0.40%)
The FBM KLCI (+0.4%) formed a bullish engulfing candle to recover all its previous session losses, boosted by gains in telco heavyweights yesterday. The immediate support is located at 1,610.

Crude Palm Oil: RM2,040 (+RM56, +2.82%)
Crude palm oil prices snapped a seven-day session of decline on expectations over weaker production and inventory level in April 2019. The immediate support is located around RM1,940.

WTI Crude Oil: $61.40 (-$0.85, -1.37%)
Crude oil prices retreated to close at one-month low amid concern over the escalating Sino-U.S. trade dispute, coupled with rising production outlook. The immediate support is located at US$60.

Gold: $1,284.43 (+$3.33, +0.26%)
Gold prices trended higher for the third straight session on improved demand in safe haven assets, spurred by the potential escalating trade dispute between the world's two largest economic powerhouse. The immediate resistance is located around $1,300.

Technical Trading Stocks - 8 May 19 
Stock Name: GADANG (9261)
Entry: Buy above RM0.835
Target: RM0.90 (7.8%), RM0.96 (15.0%)
Stop: RM0.79 (-5.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: REDTONE (0032)
Entry: Buy above RM0.335
Target: RM0.365 (9.0%), RM0.385 (14.9%)
Stop: RM0.315 (-6.0%)
Shariah: No
Technical: Trendline 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.