Dow Jones: 18,597.70 pts (+23.76pts, +0.13%)
U.S. equities extended its uptrend position on the back of buying interest within energy shares amid crude oil rally, coupled with better-than-expected U.S weekly jobless claims data, which fell 4k to 262k.

FBM KLCI: 1,694.87 pts (+0.55pts, +0.03%)
The FBM KLCI may retest the 1,700 level after a two-day pause on the back of the positive crude oil move. Further resistance will be envisaged around 1,730.

Crude Palm Oil: RM2,576 (-RM67, -2.53%)
Crude palm oil retreated after trading near the RM2,600 psychological level on the back of firmer Ringgit. Uptrend may resume towards the RM2,700 level after a short consolidation. 

WTI Crude Oil: $48.22 (+$1.43, +3.06%)
WTI crude oil continues to surge higher above the resistance of US$46 amid the speculation that the September talk may lead to a potential output freeze in the oil market. Next resistance will be located around US$50.

Gold: $1,352.36 (+$3.63, +0.27%)
Gold inched up as U.S. Dollar dropped to a seven-week low. Gold may rangbound between the US$1,300-US$1,380 levels over the near term.

Bursa Malaysia Trade Statistics - 18 Aug 16
Institutions:  Net SELL 152.5 mln (58.6%)
Retail:  Net BUY 24.0 mln (21.4%)
Foreign:  Net BUY 128.5 mln (20.0%)

Potential Momentum Stocks - 19 Aug 16 
Stock Name: GCB (5102)
Entry: Buy above RM0.985
Target: RM1.07 (8.6%), RM1.14 (15.7%)
Stop: RM0.94 (-4.6%)
Shariah: No
Technical: Technical rebound

Stock Name: TAANN (5012)
Entry: Buy above RM3.650
Target: RM3.80 (4.1%), RM4.00 (9.6%)
Stop: RM3.58 (-1.9%)
Shariah: Yes
Technical: Potential short term breakout

Source: Bloomberg, M+ Online

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