Dow Jones: 24,189.45 pts (-218.55pts, -0.90%)
U.S. stockmarkets retreated as the Dow slipped 0.9% amid the hawkish tone on U.S. Federal Reserve interest rate policy coupled with geopolitical tension in Syria. The immediate resistance is located at 25,000.

FBM KLCI: 1,869.89 pts (+8.91pts, +0.48%)
The FBM KLCI (+0.5%) continues to trend higher for the fifth straight session, in tandem with the mostly positive performance across regional indices yesterday. The immediate resistance is located at 1,880.

Crude Palm Oil: RM2,431 (-RM2, -0.08%)
Crude palm oil prices retreated for the third consecutive session despite inventory level fell to five-month low. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $66.82 (+$1.31, +2.00%)
Crude oil prices advanced to three-year high on the back of the rising geopolitical tension in Middle East that could disrupt production. The immediate resistance is located at US$67.

Gold: $1,353.38 (+$13.74, +1.02%)
Gold prices rose for the third straight session amid the rising geopolitical tension in the Middle East. The immediate resistance will be pegged around US$1,360.

Economic Releases:
MY - Malaysia's Retail Sales, 12.00PM
EU - Eurozone's Industrial Production, 5.00PM

Bursa Malaysia Trade Statistics - 11 Apr 18
Institutions:  Net BUY 96.4 mln (53.6%)
Retail:  Net SELL 69.0 mln (25.1%)
Foreign:  Net SELL 27.4 mln (21.3%)

Potential Momentum Stocks - 12 Apr 18 
Stock Name: D&O (7204)
Entry: Buy above RM0.59
Target: RM0.62 (5.1%), RM0.655 (11.0%)
Stop: RM0.565 (-4.2%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: CRESBLD (8591)
Entry: Buy above RM0.92
Target: RM0.99 (7.6%), RM1.03 (12.0%)
Stop: RM0.87 (-5.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.