Dow Jones: 21,998.99 pts (+5.28pts, +0.02%)
Wall Street ended mixed overnight as the Dow (+0.02%) rose marginally higher on strong retail sales data. The immediate resistance is located at 22,500.
FBM KLCI: 1,772.39 pts (+1.31pts, +0.07%)
The FBM KLCI (+0.1%) extended its gains after enduring a choppy trading session yesterday. The immediate resistance is located at 1,780.
Crude Palm Oil: RM2,646 (-RM29, -1.08%)
Crude palm oil prices declined on softer exports data coupled with weaker soybean oil prices overnight. The immediate resistance is envisaged around RM2,700.
WTI Crude Oil: $47.55 (-$0.04, -0.08%)
Crude oil prices ended lower on increasing production in Libya. The next resistance is located at US$52.
Gold: $1,271.53 (-$10.62, -0.83%)
Gold prices recorded its worst session in five weeks as the U.S. Dollar surged against a basket of currencies. The immediate resistance will be pegged around US$1300.
Economic Releases:
UK - United Kingdom's Unemployment Rate, 4.30PM
Bursa Malaysia Trade Statistics - 15 Aug 17
Institutions: Net BUY 52.8 mln (59.3%)
Retail: Net SELL 28.6 mln (23.7%)
Foreign: Net SELL 24.2 mln (17.0%)
Potential Momentum Stocks - 16 Aug 17
Stock Name: SUPERLN (7235)
Entry: Buy above RM2.65
Target: RM2.80 (5.7%), RM3.00 (13.2%)
Stop: RM2.42 (-8.7%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: MLGLOBAL
Entry: Buy above RM1.26
Target: RM1.34 (6.3%), RM1.40 (11.1%)
Stop: RM1.20 (-4.8%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Source: Bloomberg, M+ Online
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