Dow Jones: 26,279.91 pts (+372.54pts, +1.44%)
U.S. stockmarkets recovered most of their previous session losses after the U.S. government delayed the additional tariffs on US$300.0 bln worth of Chinese goods from 1st September 2019 to 15th December 2019. The immediate resistance is located at 27,000.

FBM KLCI: 1,592.88 pts (-22.17pts, -1.37%)
The FBM KLCI (-1.4%) took another swipe alongside with the weakness across its regional peers yesterday. The immediate resistance is located at 1,610.

Crude Palm Oil: RM2,212 (+RM33, +1.51%)
Crude palm oil prices trended higher for the sixth straight session, taking cue from the stronger oil-related commodities, coupled with the weaker Ringgit against the Greenback. The immediate resistance is located around RM2,300.

WTI Crude Oil: $57.10 (+$2.17, +3.92%)
Crude oil prices recorded its fourth straight session of gains, boosted by the re-ignition of potential U.S.-China trade deal. The immediate resistance is located at US$60.

Gold: $1,501.51 (-$9.65, -0.64%)
Gold prices retreated as demand for safe haven faded following U.S. Trade Representative move to delay the imposition of additional tariffs on Chinese goods. The immediate support is located around $1,450.

Economic Releases:
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM
UK - United Kingdom's Inflation Rate, 4.30PM
EU - Eurozone's Industrial Production, 5.00PM

Technical Trading Stocks - 14 Aug 19 
Stock Name: MAGNUM (3859)
Entry: Buy above RM2.68
Target: RM2.83 (5.6%), RM2.90 (8.2%)
Stop: RM2.58 (-3.7%)
Shariah: No
Technical: Breakout-pullback-continuation

Stock Name: MASTER (7029)
Entry: Buy above RM1.05
Target: RM1.17 (11.4%), RM1.28 (21.9%)
Stop: RM0.95 (-9.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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