Dow Jones: 24,713.98 pts (-54.95pts, -0.22%)
U.S. stockmarkets retreated as the Dow (-0.2%) fell as concern over trade tension with China remains unabated. The immediate resistance is located at 25,000.

FBM KLCI: 1,854.44 pts (-3.82pts, -0.21%)
The eleventh hour profit taking in selected index heavyweights erased all the FBM KLCI (-0.2%) intraday gains yesterday. The immediate support is located at 1,830.

Crude Palm Oil: RM2,432 (+RM18, +0.75%)
Crude palm oil prices rebounded, boosted by the removal of Goods and Services Tax (GST) coupled with the weakness in Ringgit against the U.S. Dollar. The immediate resistance is envisaged around RM2,450.

WTI Crude Oil: $71.49 (+$0.00, +0.00%)
Crude oil prices was flatlined after erasing all its intraday gains after U.S. export level rose ro record high. The immediate resistance is located at US$75.

Gold: $1,290.79 (+$0.06, +0.00%)
Gold prices eked out minor gains as the ten-year treasury yield remains above the 3.0% level. The immediate support will be pegged around US$1,260.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM

Bursa Malaysia Trade Statistics - 17 May 18
Institutions:  Net BUY 240.9 mln (53.5%)
Retail:  Net BUY 143.5 mln (20.9%)
Foreign:  Net SELL 384.4 mln (25.6%)

Potential Momentum Stocks - 18 May 18 
Stock Name: BAHVEST (0098)
Entry: Buy above RM1.23
Target: RM1.45 (17.9%), RM1.60 (30.1%)
Stop: RM1.10 (-10.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: PAVREIT (5212)
Entry: Buy above RM1.50
Target: RM1.59 (6.0%), RM1.65 (10.0%)
Stop: RM1.42 (-5.3%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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