Dow Jones: 24,768.93 pts (+62.52pts, +0.25%)
Wall Street rebounded overnight as the Dow (+0.3%) advanced on rising optimism over U.S. economy that offset the fresh uncertainty about the U.S.-North Korea summit. The immediate resistance is located at 25,000.

FBM KLCI: 1,858.26 pts (+10.06pts, +0.54%)
The FBM KLCI (+0.5%) recovered all its previous session losses as gains were in line with the positive development across Asia equities. The immediate support is located at 1,830.

Crude Palm Oil: RM2,414 (-RM22, -0.90%)
Crude palm oil prices retreated on the sluggish exports data in the first half of May 2018 coupled with the weakness in soybean oil prices. The immediate resistance is envisaged around RM2,450.

WTI Crude Oil: $71.49 (+$0.18, +0.25%)
Crude oil prices extended its gains after U.S. inventory level declined last week. The immediate resistance is located at US$70.

Gold: $1,290.73 (+$0.20, +0.02%)
Gold prices halted a three-day losing streak to eke out minor gains on the weaker U.S. Dollar against a basket of currencies. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 16 May 18
Institutions:  Net BUY 223.2 mln (52.5%)
Retail:  Net BUY 97.5 mln (19.9%)
Foreign:  Net SELL 320.7 mln (27.6%)

Potential Momentum Stocks - 17 May 18 
Stock Name: FGV (5222)
Entry: Buy above RM1.90
Target: RM2.07 (8.9%), RM2.18 (14.7%)
Stop: RM1.80 (-5.3%)
Shariah: Yes
Technical: Pennant-formation breakout

Stock Name: MAHSING (8583)
Entry: Buy above RM1.07
Target: RM1.17 (9.3%), RM1.22 (14.0%)
Stop: RM1.00 (-6.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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