Dow Jones: 25,479.42 pts (-800.49pts, -3.05%)
Wall Street tumbled overnight as the Dow sank 3.1% on growing recession fears after the bond market yield curve inverting to its lowest level since 2007. The immediate support is located at 25,000.

FBM KLCI: 1,600.31 pts (+7.43pts, +0.47%)
The FBM KLCI (+0.5%) staged a relief recovery in line with the positive sentiment across global equities amid the positive developments in U.S.-China trade progress. The immediate support is located at 1,570.

Crude Palm Oil: RM2,219 (+RM7, +0.32%)
Crude palm oil prices managed to recover all its intraday losses to record its seventh consecutive session of rally, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2,300.

WTI Crude Oil: $55.23 (-$1.87, -3.25%)
Crude oil prices formed a bearish harami candle to retreat for the first time in five days, dragged down by the unexpected build-up in U.S. inventory level, coupled with the concern over global economic growth. The immediate support is located at US$50.

Gold: $1,516.36 (+$14.85, +0.99%)
Gold prices advanced as demand for safe haven assets took the limelight. The immediate resistance is located around $1,550.

Economic Releases:
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 8.45PM
US - United States' Manufacturing Production, 8.45PM

Technical Trading Stocks - 15 Aug 19 
Stock Name: T7GLOBAL (7228)
Entry: Buy above RM0.465
Target: RM0.52 (11.8%), RM0.53 (14.0%)
Stop: RM0.44 (-5.4%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: VS (6963)
Entry: Buy above RM1.16
Target: RM1.22 (5.2%), RM1.26 (8.6%)
Stop: RM1.12 (-3.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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