Dow Jones: 22,048.70 pts (-36.64pts, -0.17%)
U.S. stockmarkets extended its losses as the Dow edged 0.2% lower overnight amid the rising geopolitical tension between U.S. and North Korea. The next resistance is located at 22,500.

FBM KLCI: 1,777.94 pts (-3.71pts, -0.21%)
The FBM KLCI (-0.2%) halted its six straight session of winning streak yesterday on profit taking activities in line with the weakness across key regional indices. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,630 (+RM1, +0.04%)
Crude palm oil prices closed relatively flat after erasing most of its intraday gains ahead of the MPOB data. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $49.56 (+$0.39, +0.79%)
Crude oil prices rebounded after U.S. weekly stockpile level declined. The next resistance is located at US$52.

Gold: $1,277.30 (+$16.34, +1.30%)
Gold prices extended its gains amid the rising demand stemmed from the geopolitical tension between U.S. and North Korea. The immediate resistance will be pegged around US$1300.

Economic Releases:
MY - Malaysia's Retail Sales, 12.00PM
MY - Malaysia's Industrial Production, 12.00PM
US - United States' Producer Price Index, 8.30PM

Bursa Malaysia Trade Statistics - 9 Aug 17
Institutions:  Net BUY 100.4 mln (58.7%)
Retail:  Net SELL 36.1 mln (23.1%)
Foreign:  Net SELL 64.3 mln (18.2%)

Potential Momentum Stocks - 10 Aug 17 
Stock Name: PRESTAR (9873)
Entry: Buy above RM1.28
Target: RM1.37 (7.0%), RM1.40 (9.4%)
Stop: RM1.22 (-4.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: BAHVEST (0098)
Entry: Buy above RM0.835
Target: RM0.885 (6.0%), RM0.92 (10.2%)
Stop: RM0.79 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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