SET Index expected to trade sideways between 1,615–1,632 points on rising Brent crude oil near $100/barrel amid Middle East tensions. Capital flows favoring commodity stocks (energy, petrochemicals) and Tech-AI sectors, while consumption stocks face headwinds from elevated energy costs. Key catalyst: U.S. CPI data Friday (expected Headline 3.5%, Core 2.4%), which will shape Fed rate expectations (~60% market probability of hike next week). Domestic catalysts include budget bill proceedings and tourism stimulus. Recommended strategy: Barbell approach—hold commodities/defensive short-term, rotate into value/domestic plays long-term. Featured stocks: BTG, HANA, ITC, PR9, STA.