Dow Jones: 26,029.52 pts (+311.78pts, +1.21%)
U.S. stockmarkets rebounded overnight as the Dow gained 1.2% after China government officials announced steps to curb the free fall of Chinese Yuan. The immediate resistance is located at 27,000.

FBM KLCI: 1,611.79 pts (+1.38pts, +0.09%)
The FBM KLCI (+0.1%) rebounded, lifted by bargain hunting activities in selected index heavyweights yesterday. The immediate support is located at 1,600.

Crude Palm Oil: RM2,102 (+RM9, +0.43%)
Crude palm oil prices extended its gains as the Ringgit weakened to its lowest level since May 2019 against the U.S. Dollar. The immediate resistance is located around RM2,200.

WTI Crude Oil: $53.63 (-$1.06, -1.93%)
Crude oil prices extended its losses to enter into the bear market territory on rising concern over Sino-U.S. trade tension. The immediate support is located at US$50.

Gold: $1,474.42 (+$10.72, +0.73%)
Gold prices extended its gains as the Greenback retreated against a basket of currencies, coupled with the rising concern over prospect of Brexit without a deal. The immediate resistance is located around $1,500.

Technical Trading Stocks - 7 Aug 19 
Stock Name: PENTA (7160)
Entry: Buy above RM3.44
Target: RM3.75 (9.0%), RM4.00 (16.3%)
Stop: RM3.22 (-6.4%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: DSONIC (5216)
Entry: Buy above RM0.715
Target: RM0.775 (8.4%), RM0.85 (18.9%)
Stop: RM0.66 (-7.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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