Dow Jones: 25,777.90 pts (-120.93pts, -0.47%)
U.S. stockmarkets retreated after enduring a volatile trading session as the Dow fell 0.5% after China refuted U.S. President Donald Trump remarks of resumption in trade negotiations. The immediate resistance is located at 26,000.

FBM KLCI: 1,590.84 pts (-9.69pts, -0.61%)
The FBM KLCI (-0.6%) extended its losses, dragged down by weakness in selected oil & gas and banking heavyweights yesterday. The immediate support is located at 1,570.

Crude Palm Oil: RM2,239 (-RM30, -1.32%)
Crude palm oil prices snapped a five-day rally as India looks to impose 5% import tax on Malaysia crude palm oil. The immediate resistance is located around RM2,300.

WTI Crude Oil: $54.93 (+$1.29, +2.43%)
Crude oil prices halted a four-day losing streak after U.S. weekly inventory level fell. The immediate resistance is located at US$58.

Gold: $1,542.81 (+$15.50, +1.01%)
Gold prices advanced as demand for safe haven assets return to the forefront on recession fears stemmed from the prolonged global trade war. The immediate resistance is located around $1,550.

Technical Trading Stocks - 28 Aug 19 
Stock Name: VS (6963)
Entry: Buy above RM1.27
Target: RM1.32 (3.9%), RM1.39 (9.4%)
Stop: RM1.22 (-3.9%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: PESTECH (5219)
Entry: Buy above RM1.41
Target: RM1.53 (8.5%), RM1.60 (13.5%)
Stop: RM1.36 (-3.5%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.