Dow Jones: 22,085.34 pts (-33.08pts, -0.15%)
U.S. stockmarkets reversed all their intraday gains as the Dow (-0.2%) fell from its all-time high level, snapping its ninth consecutive winning streak on rising geopolitical tension in North Korea. The next resistance is located at 22,500.

FBM KLCI: 1,781.65 pts (+3.74pts, +0.21%)
The FBM KLCI (+0.2%) extended its gains for the sixth straight session yesterday, taking cue from the positive sentiment in Wall Street overnight. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,629 (+RM55, +2.14%)
Crude palm oil prices rebounded on expectation over higher demand from India ahead of the festive season. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $49.17 (-$0.22, -0.44%)
Crude oil prices edged lower after the Energy Information Administration (EIA) raised U.S. production forecast whilst trimming the average oil prices. The next resistance is located at US$52.

Gold: $1,260.96 (+$3.11, +0.25%)
Gold prices rebounded amid the rising geopolitical risk. The immediate resistance will be pegged around US$1300.

Economic Releases:
CN - China's Inflation Rate, 9.30AM

Bursa Malaysia Trade Statistics - 8 Aug 17
Institutions:  Net BUY 40.9 mln (60.3%)
Retail:  Net SELL 28.2 mln (24.1%)
Foreign:  Net SELL 12.7 mln (15.6%)

Potential Momentum Stocks - 9 Aug 17 
Stock Name: YINSON (7293)
Entry: Buy above RM3.60
Target: RM3.70 (2.8%), RM3.80 (5.6%)
Stop: RM3.52 (-2.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: BAUTO (5248)
Entry: Buy above RM1.96
Target: RM2.11 (7.7%), RM2.20 (12.2%)
Stop: RM1.88 (-4.1%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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