Dow Jones: 25,333.82 pts (-81.37pts, -0.32%)
U.S. stockmarkets ended mostly lower as the Dow fell 0.3% overnight after the U.S. Federal Reserve kept interest rates unchanged but signalled an imminent rate increase. The immediate resistance is located at 25,800.

FBM KLCI: 1,788.31 pts (+4.06pts, +0.23%)
The FBM KLCI (+0.2%) recorded an eight-day winning streak lifted by the return of foreign fund yesterday. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,212 (+RM18, +0.82%)
Crude palm oil prices advanced for the third straight session after Indonesia increase biofuel mandate on railways and power plants. The immediate resistance is located around RM2,250.

WTI Crude Oil: $67.66 (-$1.10, -1.60%)
Crude oil prices extended its losses as OPEC ramps up production with Saudi Arabia output at near record high level. The immediate support is located at US$65.

Gold: $1,215.96 (-$8.19, -0.67%)
Gold prices continue to trend lower amid the hawkish tone from the U.S. Federal Reserve on future interest rate hikes. The immediate support will be pegged around US$1,200.

Economic Releases:
EU - Eurozone's Producer Price Index, 5.00PM
EU - Eurozone's Retail Sales, 5.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM

Bursa Malaysia Trade Statistics - 1 Aug 18
Institutions:  Net SELL 148.0 mln (51.4%)
Retail:  Net SELL 3.3 mln (23.8%)
Foreign:  Net BUY 151.3 mln (24.8%)

Potential Momentum Stocks - 2 Aug 18 
Stock Name: GPACKET (0082)
Entry: Buy above RM0.385
Target: RM0.415 (7.8%), RM0.44 (14.3%)
Stop: RM0.355 (-7.8%)
Shariah: No
Technical: Monitor for breakout

Stock Name: INSAS (3379)
Entry: Buy above RM0.90
Target: RM0.94 (4.4%), RM0.975 (8.3%)
Stop: RM0.875 (-2.8%)
Shariah: No
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.