Dow Jones: 26,252.24 pts (+49.51pts, +0.19%)
U.S. stockmarkets finished on a mixed note as the Dow added 0.2% after enduring a choppy trading session, but the broader market closed in the negative territory overnight. The immediate resistance is located at 26,500.

FBM KLCI: 1,602.47 pts (+7.88pts, +0.49%)
Tracking the gains on Wall Street overnight, the FBM KLCI (+0.5%) recovered most of its previous session losses after hovering mostly in the positive territory yesterday. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,256 (+RM48, +2.17%)
Crude palm oil prices trended higher for the third straight session, hitting six-month high on optimism over rising demand from India ahead of festive season. The immediate resistance is located around RM2,300.

WTI Crude Oil: $55.35 (-$0.33, -0.59%)
Crude oil prices extended its losses amid the weak demand arising from the Sino-U.S. trade dispute. The immediate resistance is located at US$58.

Gold: $1,498.06 (-$4.59, -0.31%)
Gold prices extended its losses to close below the US$1,500 psychological level on a mixed bag of economic data, coupled with uncertainty over interest rate direction from central bankers. The immediate resistance is located around $1,550.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
US - United States' New Home Sales, 10.00PM

Technical Trading Stocks - 23 Aug 19 
Stock Name: MIECO (5001)
Entry: Buy above RM0.33
Target: RM0.36 (9.1%), RM0.38 (15.2%)
Stop: RM0.31 (-6.1%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: MYEG (0138)
Entry: Buy above RM1.47
Target: RM1.53 (4.1%), RM1.60 (8.8%)
Stop: RM1.42 (-3.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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