Dow Jones: 24,651.74 pts (+143.08pts, +0.58%)
U.S. stockmarkets staged a quick rebound last Friday as the Dow gained 0.6% on optimism over the overhaul of tax implementation. The immediate resistance is located at 24,750.

FBM KLCI: 1,753.07 pts (-5.93pts, -0.34%)
The FBM KLCI (-0.3%) halted a streak of three consecutive sessions of gains in tandem with weakness across key regional indices. The immediate resistance is located at 1,770.

Crude Palm Oil: RM2,551 (+RM62, +2.49%)
Crude palm oil prices recorded its biggest daily gain in five months on expectations that production will decline in December 2017. The immediate support is envisaged around RM2,500.

WTI Crude Oil: $57.30 (+$0.26, +0.46%)
Crude oil prices extended its gains after U.S. oil rings count fell for the first time in six weeks. The immediate resistance is located at US$60.

Gold: $1,256.44 (+$3.48, +0.28%)
Gold prices ended lower as demand for safe haven assets dwindled. The immediate support will be pegged around US$1,200.

Economic Releases:
EU - Eurozone's Inflation Rate, 6.00PM

Bursa Malaysia Trade Statistics - 15 Dec 17
Institutions:  Net BUY 71.6 mln (50.6%)
Retail:  Net SELL 10.9 mln (12.4%)
Foreign:  Net SELL 60.7 mln (37.0%)

Potential Momentum Stocks - 18 Dec 17 
Stock Name: MYEG (0138)
Entry: Buy above RM2.10
Target: RM2.21 (5.2%), RM2.25 (7.1%)
Stop: RM2.01 (-4.3%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: MRCB (1651)
Entry: Buy above RM1.07
Target: RM1.15 (7.5%), RM1.18 (10.3%)
Stop: RM1.02 (-4.7%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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