Dow Jones: 26,007.07 pts (-22.45pts, -0.09%)
U.S. stockmarkets finished mixed as the Dow fell 0.1%, albeit recouping more than 500 points of losses, whilst the S&P 500 gained 0.1% overnight. The immediate resistance is located at 27,000.

FBM KLCI: 1,604.70 pts (-7.09pts, -0.44%)
The FBM KLCI (-0.4%) returned to the red on the weakness in Genting-related shares as the key index remained in the negative territory for the entire trading session yesterday. The immediate support is located at 1,600.

Crude Palm Oil: RM2,104 (+RM2, +0.10%)
Crude palm oil prices trended higher for the third straight session after China removed soybean, rapeseed oil and palm oil import quotas. The immediate resistance is located around RM2,200.

WTI Crude Oil: $51.09 (-$2.54, -4.86%)
Crude oil prices took another dive, dragged down by the unexpected U.S. inventory build-up. The immediate support is located at US$50.

Gold: $1,501.16 (+$26.74, +1.81%)
Gold prices advanced for the third straight session to close above the US$1,500 level - the highest since April 2013 as demand for safe haven assets soared. The immediate support is located around $1,450.

Technical Trading Stocks - 8 Aug 19 
Stock Name: SUNCON (5263)
Entry: Buy above RM2.10
Target: RM2.20 (4.8%), RM2.35 (11.9%)
Stop: RM2.04 (-2.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: GBGAQRS (5226)
Entry: Buy above RM1.33
Target: RM1.43 (7.5%), RM1.54 (15.8%)
Stop: RM1.26 (-5.3%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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