Dow Jones: 25,415.19 pts (+108.36pts, +0.43%)
U.S. stockmarkets rebounded as the Dow rose 0.4% amid the slight positive progress in trade dispute with China. The immediate resistance is located at 25,800.

FBM KLCI: 1,784.25 pts (+13.99pts, +0.79%)
Month-end window dressing activities from foreign institutional funds sent the FBM KLCI (+0.8%) higher for the seventh straight session yesterday. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,194 (+RM2, +0.09%)
Crude palm oil prices extended its gains in line with the higher soybean oil prices. The immediate resistance is located around RM2,200.

WTI Crude Oil: $68.76 (-$1.37, -1.94%)
Crude oil prices formed a bearish engulfing candle due to an unexpected build up in U.S. inventory level. The immediate support is located at US$65.

Gold: $1,224.15 (+$2.70, +0.22%)
Gold prices extended its losses on lingering concern over U.S. interest rate hike. The immediate support will be pegged around US$1,220.

Economic Releases:
JP - Japan's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 4.00PM
US - United States' Markit Manufacturing PMI, 10.00PM
US - United States' ISM Manufacturing PMI, 10.00PM

Bursa Malaysia Trade Statistics - 31 Jul 18
Institutions:  Net SELL 327.4 mln (50.4%)
Retail:  Net SELL 16.1 mln (17.0%)
Foreign:  Net BUY 343.5 mln (32.6%)

Potential Momentum Stocks - 1 Aug 18 
Stock Name: PIE (7095)
Entry: Buy above RM1.53
Target: RM1.68 (9.8%), RM1.78 (16.3%)
Stop: RM1.39 (-9.2%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: ECOWLD (8206)
Entry: Buy above RM1.26
Target: RM1.36 (7.9%), RM1.44 (14.3%)
Stop: RM1.20 (-4.8%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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