Dow Jones: 26,036.10 pts (+258.20pts, +1.00%)
U.S. stockmarkets rebounded as the Dow (+1.0%) recovered all its previous session’s losses to close above the 26,000 psychological level, boosted by bargain hunting activities. The immediate resistance is located at 26,400.

FBM KLCI: 1,589.82 pts (-1.02pts, -0.06%)
The FBM KLCI (-0.1%) recorded its third straight session of decline, taking cue from the weakness on Wall Street overnight. The immediate support is located at 1,570.

Crude Palm Oil: RM2,253 (+RM14, +0.63%)
Crude palm oil prices rebounded in tandem with gains across other oil-related commodities, coupled with the weaker Ringgit against the Greenback. The immediate resistance is located around RM2,300.

WTI Crude Oil: $55.78 (+$0.85, +1.55%)
Crude oil prices extended its gains as U.S. weekly inventory level declined. The immediate resistance is located at US$58.

Gold: $1,539.01 (-$3.80, -0.25%)
Gold prices retreated as demand for safe haven assets wane, coupled with the stronger Greenback against a basket of currencies. The immediate resistance is located around $1,550.

Economic Releases:
MY - Malaysia's Producer Price Index, 12.00PM
JP - Japan's Consumer Confidence, 1.00PM
EU - Eurozone's Business Confidence, 5.00PM
EU - Eurozone's Services Sentiment, 5.00PM
EU - Eurozone's Economic Sentiment, 5.00PM
EU - Eurozone's Industrial Sentiment, 5.00PM

Technical Trading Stocks - 29 Aug 19
Stock Name: TECHBND (5289)
Buy above RM0.755
Target: RM0.81 (7.3%), RM0.845 (11.9%)
Stop: RM0.71 (-6.0%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: HTPADU (5028)
Entry: Buy above RM1.15
Target: RM1.26 (9.6%), RM1.35 (17.4%)
Stop: RM1.04 (-9.6%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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