Dow Jones: 25,295.87 pts (+220.74pts, +0.88%)
U.S. stockmarkets ascend to fresh record high levels last Friday as the Dow gained 0.9% after unemployment rate stood steady at 4.1% in December 2017. The immediate resistance is located at 25,500.

FBM KLCI: 1,817.97 pts (+14.52pts, +0.81%)
Tracking the positive developments across global stockmarkets, the FBM KLCI (+0.8%) edged higher last Friday. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,594 (+RM9, +0.35%)
Crude palm oil prices advanced after Malaysia scrapped CPO export tax for 3 months. The immediate resistance is envisaged around RM2,650.

WTI Crude Oil: $61.44 (-$0.57, -0.92%)
Crude oil prices retreated on the emergence of profit taking activities. The immediate resistance is located at US$63.

Gold: $1,319.59 (-$3.42, -0.26%)
Gold prices slipped but recorded its fourth weekly winning streak. The immediate resistance will be pegged around US$1,350.

Economic Releases:
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Retail Sales, 6.00PM
EU - Eurozone's Business Confidence, 6.00PM

Bursa Malaysia Trade Statistics - 5 Jan 18
Institutions:  Net SELL 109.4 mln (50.3%)
Retail:  Net SELL 20.7 mln (29.2%)
Foreign:  Net BUY 130.1 mln (20.5%)

Potential Momentum Stocks - 8 Jan 18 
Stock Name: KIMLUN (5171)
Entry: Buy above RM2.30
Target: RM2.43 (5.7%), RM2.50 (8.7%)
Stop: RM2.20 (-4.3%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: DUFU (7233)
Entry: Buy above RM1.27
Target: RM1.39 (9.4%), RM1.51 (18.9%)
Stop: RM1.17 (-7.9%)
Shariah: Yes
Technical: Ascending triangle breakout

Source: Bloomberg, M+ Online

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