Dow Jones: 25,656.98 pts (-76.62pts, -0.30%)
U.S. stockmarkets extended their losses overnight as the Dow fell 0.3% amid the lingering concern over trade spat between U.S. and China, coupled with the unexpected decline in new home sales for July 2018. The immediate resistance is located at 25,800.

FBM KLCI: 1,810.87 pts (+12.76pts, +0.71%)
The FBM KLCI (+0.7%) registered its fourth consecutive days of gains, closing above the 1,800 psychological level yesterday. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,218 (-RM23, -1.03%)
Crude palm oil prices extended its losses, taking cue from the lower soybean oil prices. The immediate resistance is located around RM2,250.

WTI Crude Oil: $67.83 (-$0.03, -0.04%)
Crude oil prices closed marginally lower, halting a five-day winning streak on trade worries. The immediate support is located at US$63.

Gold: $1,185.56 (-$10.24, -0.86%)
Gold prices extended its losses after the Greenback appreciated against a basket of currencies amid the hawkish U.S. Federal Reserve tone on interest rate direction. The immediate support will be pegged around US$1,150.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM

Bursa Malaysia Trade Statistics - 23 Aug 18
Institutions:  Net SELL 54.0 mln (46.3%)
Retail:  Net SELL 23.9 mln (21.8%)
Foreign:  Net BUY 77.9 mln (31.9%)

Potential Momentum Stocks - 24 Aug 18 
Stock Name: EWINT (5283)
Entry: Buy above RM1.10
Target: RM1.15 (4.5%), RM1.20 (9.1%)
Stop: RM1.05 (-4.5%)
Shariah: No
Technical: Trendline breakout

Stock Name: DUTALND (3948)
Entry: Buy above RM0.56
Target: RM0.595 (6.2%), RM0.62 (10.7%)
Stop: RM0.54 (-3.6%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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