Dow Jones: 21,750.73 pts (-274.14pts, -1.24%)
Wall Street slipped overnight as the Dow (-1.2%) recorded its biggest daily decline over the past threee months on concern over President Donald Trump administration. The immediate support is located at 21,200.

FBM KLCI: 1,776.31 pts (+2.56pts, +0.14%)
The FBM KLCI (+0.1%) inched higher yesterday ahead, of the 2Q2017 GDP data release. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,658 (+RM21, +0.80%)
Crude palm oil prices rebounded, taking cue from the higher soybean oil prices. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $47.09 (+$0.31, +0.66%)
Crude oil prices continue its downward momentum amid concern over the rising U.S. production which offset the 7th consecutive weekly decline in inventories level. The next resistance is located at US$52.

Gold: $1,288.15 (+$5.04, +0.39%)
Gold prices rebounded amid the U.S. political uncertainty. The immediate resistance will be pegged around US$1300.

Economic Releases:
MY - Malaysia's 2Q2017 GDP Growth Rate, 12.00PM

Bursa Malaysia Trade Statistics - 17 Aug 17
Institutions:  Net BUY 26.2 mln (57.4%)
Retail:  Net SELL 29.7 mln (25.4%)
Foreign:  Net BUY 3.5 mln (17.2%)

Potential Momentum Stocks - 18 Aug 17 
Stock Name: YONGTAI 7066)
Entry: Buy above RM1.42
Target: RM1.51 (6.3%), RM1.61 (13.4%)
Stop: RM1.35 (-4.9%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: CHINHIN (5273)
Entry: Buy above RM1.36
Target: RM1.42 (4.4%), RM1.49 (9.6%)
Stop: RM1.31 (-3.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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