Dow Jones: 25,733.60 pts (-88.69pts, -0.34%)
U.S. stockmarkets retreated overnight as the Dow fell 0.3% on the hawkish tone from the U.S. Federal Reserve on interest rate direction. The immediate resistance is located at 25,800.

FBM KLCI: 1,798.11 pts (+10.53pts, +0.59%)
The FBM KLCI (+0.6%) trended higher for the third straight session on Tuesday, ahead of the mid-week festive break after foreign funds turned net buying position for the first time in eight trading days. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,241 (-RM14, -0.62%)
Crude palm oil prices halted a three day winning streak amid the stronger Ringgit against the Greenback. The immediate resistance is located around RM2,250.

WTI Crude Oil: $67.86 (+$0.51, +0.76%)
Crude oil prices recorded its fifth straight session of gains after recovering all its intraday losses amid the unexpected decline in inventory level. The immediate support is located at US$63.

Gold: $1,195.80 (-$0.19, -0.02%)
Gold prices edged marginally lower as investors monitor the developments from U.S. Federal Reserve minutes meeting. The immediate support will be pegged around US$1,150.

Economic Releases:
US - United States' New Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 22 Aug 18
Institutions:  Net SELL 14.1 mln (54.4%)
Retail:  Net SELL 34.1 mln (24.1%)
Foreign:  Net BUY 48.2 mln (21.5%)

Potential Momentum Stocks - 23 Aug 18 
Stock Name: ECOWLD (8206)
Entry: Buy above RM1.26
Target: RM1.36 (7.9%), RM1.40 (11.1%)
Stop: RM1.20 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SUNZEN (0148)
Entry: Buy above RM0.22
Target: RM0.235 (6.8%), RM0.26 (18.2%)
Stop: RM0.21 (-4.5%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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