Dow Jones: 25,558.73 pts (+396.32pts, +1.58%)
U.S. stockmarkets rallied overnight as the Dow jumped 1.6% higher on optimism over trade deals after U.S. and China agreed to resume talks towards end of the month. The immediate resistance is located at 25,800.

FBM KLCI: 1,777.27 pts (-8.67pts, -0.49%)
The FBM KLCI (-0.5%) retreated in tandem with the weakness across regional stockmarkets amid the lingering concern over Turkey's economic situation. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,222 (+RM6, +0.27%)
Crude palm oil prices rebounded after recouping all its intraday losses in the eleventh trading hour. The immediate resistance is located around RM2,250.

WTI Crude Oil: $65.46 (+$0.45, +0.69%)
Crude oil prices rebounded in anticipation of U.S-China trade talks. The immediate support is located at US$63.

Gold: $1,174.16 (-$0.69, -0.06%)
Gold prices extended its losses after the U.S. Dollar appreciated against a basket of currencies. The immediate support will be pegged around US$1,150.

Economic Releases:
MY - Malaysia's 2Q2018 GDP Growth Rate, 12.00PM
EU - Eurozone's Inflation Rate, 5.00PM

Bursa Malaysia Trade Statistics - 16 Aug 18
Institutions:  Net BUY 80.4 mln (50.2%)
Retail:  Net BUY 47.5 mln (24.7%)
Foreign:  Net SELL 127.9 mln (25.1%)

Potential Momentum Stocks - 17 Aug 18 
Stock Name: HSL (6238)
Entry: Buy above RM1.44
Target: RM1.59 (10.4%), RM1.65 (14.6%)
Stop: RM1.35 (-6.2%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: ECONBHD (5253)
Entry: Buy above RM0.975
Target: RM1.07 (9.7%), RM1.15 (17.9%)
Stop: RM0.90 (-7.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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