Dow Jones: 26,378.19 pts (+371.12pts, +1.43%)
U.S. stockmarkets rallied overnight as the Dow jumped 1.4%, boosted by the stabilising bond yields, coupled with the dwindling concern over global economic growth. The immediate resistance is located at 27,000.

FBM KLCI: 1,616.02 pts (+11.32pts, +0.71%)
The FBM KLCI (+0.7%) rebounded alongside with its regional peers as investors bargain hunt on the toned down Sino-U.S. trade dispute. The immediate support is located at 1,600.

Crude Palm Oil: RM2,135 (+RM31, +1.47%)
Crude palm oil prices recorded its fourth straight session of advance, mirroring the positive performance of soybean oil prices. The immediate resistance is located around RM2,200.

WTI Crude Oil: $52.54 (+$1.45, +2.85%)
Crude oil prices rebounded on expectations over deeper production from OPEC to shored up current prices. The immediate support is located at US$50.

Gold: $1,500.95 (-$0.21, -0.01%)
Gold prices halted a three-day winning streak as investor shifted their attention to riskier assets. The immediate support is located around $1,450.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
MY - Malaysia's Unemployment Rate, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
UK - United Kingdom's Manufacturing Production, 4.30PM
UK - United Kingdom's Industrial Production, 4.30PM
US - United States' Producer Price Index, 8.30PM

Technical Trading Stocks - 9 Aug 19 
Stock Name: DUFU (7233)
Entry: Buy above RM1.97
Target: RM2.08 (5.6%), RM2.20 (11.7%)
Stop: RM1.86 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SCOMNET (0001)
Entry: Buy above RM0.745
Target: RM0.80 (7.4%), RM0.835 (12.1%)
Stop: RM0.69 (-7.4%)
Shariah: Yes
Technical: Bullish harami candle

Source: Bloomberg, M+ Online

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