Dow Jones: 25,628.91 pts (+126.73pts, +0.50%)
U.S. stockmarkets continue to trend higher as the Dow rose 0.5% as investors focus on the solid corporate earnings and brushed off the on-going trade uncertainty. The immediate resistance is located at 25,800.

FBM KLCI: 1,791.09 pts (+11.34pts, +0.64%)
The FBM KLCI (+0.6%) trended higher yesterday, in tandem with the positive sentiment across regional stockmarkets. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,235 (+RM29, +1.31%)
Crude palm oil prices advanced for the third straight session, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2,250.

WTI Crude Oil: $69.17 (+$0.16, +0.23%)
Crude oil prices extended its gains on expectation over decline in U.S. production. The immediate resistance is located at US$70.

Gold: $1,210.97 (+$3.33, +0.28%)
Gold prices rebounded after the U.S. Dollar weakened against a basket of currencies. The immediate support will be pegged around US$1,200.

Bursa Malaysia Trade Statistics - 7 Aug 18
Institutions:  Net SELL 212.7 mln (49.0%)
Retail:  Net SELL 20.7 mln (25.9%)
Foreign:  Net BUY 233.4 mln (25.1%)

Potential Momentum Stocks - 8 Aug 18 
Stock Name: MMCCORP (2194)
Entry: Buy above RM1.47
Target: RM1.57 (6.8%), RM1.66 (12.9%)
Stop: RM1.42 (-3.4%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: MRCB (1651)
Entry: Buy above RM0.785
Target: RM0.85 (8.3%), RM0.895 (14.0%)
Stop: RM0.74 (-5.7%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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