Dow Jones: 25,162.41 pts (-137.51pts, -0.54%)
Despite recovering most of their intraday losses, U.S. stockmarkets still erased all their previous session gains as the Dow fell 0.5% overnight on concern over Turkey's economic instability, coupled with the selloff in technology and energy shares. The immediate resistance is located at 25,800.

FBM KLCI: 1,785.94 pts (+2.16pts, +0.12%)
The FBM KLCI (+0.1%) extended its gains yesterday, bucking the mostly negative performance across regional peers. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,216 (-RM21, -0.94%)
Crude palm oil prices retreated, amid the weaker-than-export data in the first half of August 2018. The immediate resistance is located around RM2,250.

WTI Crude Oil: $65.01 (-$2.03, -3.02%)
Crude oil prices closed at two months low amid the unexpected build up in U.S. inventory level. The immediate support is located at US$63.

Gold: $1,174.85 (-$19.24, -1.61%)
Gold prices took another dive to close at its lowest level since January 2017 alongside with the rout in broad metal commodities. The immediate support will be pegged around US$1,150.

Economic Releases:
UK - United Kingdom's Retail Sales, 4.30PM

Bursa Malaysia Trade Statistics - 15 Aug 18
Institutions:  Net BUY 72.2 mln (49.8%)
Retail:  Net BUY 13.2 mln (27.0%)
Foreign:  Net SELL 85.4 mln (23.2%)

Potential Momentum Stocks - 16 Aug 18 
Stock Name: FPI (9172)
Entry: Buy above RM1.46
Target: RM1.60 (9.6%), RM1.65 (13.0%)
Stop: RM1.38 (-5.5%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: PWROOT (7237)
Entry: Buy above RM1.53
Target: RM1.65 (7.8%), RM1.74 (13.7%)
Stop: RM1.46 (-4.6%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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