Dow Jones: 26,583.42 pts (-280.85pts, -1.05%)
Wall Street was bogged down overnight as the Dow fell 1.1% after U.S. President Donald Trump announced his plan to impose 10% tariffs on US$300.0 bln worth of Chinese goods in September 2019. The immediate support is located at 26,000.

FBM KLCI: 1,639.07 pts (+4.20pts, +0.26%)
The FBM KLCI (+0.3%) recovered all its intraday losses to snap a three-day losing streak as the key index outperformed the mostly negative regional peers yesterday. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,064 (-RM6, -0.29%)
Crude palm oil prices retreated, taking cue from the lower soybean oil prices. The immediate resistance is located around RM2,100.

WTI Crude Oil: $53.95 (-$4.63, -7.97%)
Crude oil prices endured its biggest fall in nearly four years amid the intensifying Sino-U.S. trade dispute. The immediate resistance is located at US$60.

Gold: $1,445.18 (+$31.40, +2.22%)
Gold prices recovered all its previous session losses, bolstered by the spike in demand for safe haven assets. The immediate support is located around $1,400.

Economic Releases:
EU - Eurozone's Retail Sales, 5.00PM
EU - Eurozone's Producer Price Index, 5.00PM
US - United States' Unemployment Rate, 8.30PM
US - United States' Factory Orders, 10.00PM
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Technical Trading Stocks - 2 Aug 19 
Stock Name: MYEG (0138)
Entry: Buy above RM1.60
Target: RM1.68 (5.0%), RM1.75 (9.4%)
Stop: RM1.53 (-4.4%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: ELSOFT (0090)
Entry: Buy above RM0.955
Target: RM1.01 (5.8%), RM1.08 (13.1%)
Stop: RM0.91 (-4.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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