Dow Jones: 24,504.80 pts (+118.77pts, +0.49%)
U.S. trended higher as the Dow (+0.5%) extended its gains ahead of the two-day U.S. Federal Reserve policy meeting. The immediate resistance is located at 24,750.

FBM KLCI: 1,729.57 pts (+10.10pts, +0.59%)
The FBM KLCI (+0.6%) formed a bullish engulfing candle yesterday, buoyed by the buying support from foreign funds. The immediate resistance is located at 1,730.

Crude Palm Oil: RM2,473 (+RM14, +0.57%)
Crude palm oil prices (+0.6%) halted a sixth consecutive session of decline after the U.S. Dollar advanced against the Ringgit. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $57.14 (-$0.85, -1.47%)
Crude oil prices retreated as fears on the hairline crack over one of the world most important oil pipeline subside. The immediate resistance is located at US$60.

Gold: $1,244.49 (+$2.47, +0.20%)
Gold prices staged a mild recovery as investors eye the two-day U.S. FOMC meeting. The immediate support will be pegged around US$1,200.

Bursa Malaysia Trade Statistics - 12 Dec 17
Institutions:  Net SELL 171.2 mln (58.4%)
Retail:  Net BUY 14.8 mln (18.8%)
Foreign:  Net BUY 156.4 mln (22.8%)

Potential Momentum Stocks - 13 Dec 17 
Stock Name: MASTEEL (5098)
Entry: Buy above RM1.39
Target: RM1.51 (8.6%), RM1.65 (18.7%)
Stop: RM1.29 (-7.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: D&O (7204)
Entry: Buy above RM0.665
Target: RM0.71 (6.8%), RM0.75 (12.8%)
Stop: RM0.635 (-4.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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