Dow Jones: 25,013.29 pts (+298.20pts, +1.21%)
U.S. stockmarkets rallied overnight as the Dow jumped 1.2% higher to close above the 25,000 psychological level, boosted by receding trade tension between U.S. and China. The immediate resistance is located at 25,800.

FBM KLCI: 1,853.58 pts (-0.92pts, -0.05%)
The FBM KLCI underperformed its regional peers as the eleventh hour profit taking sent the key index lower yesterday. The immediate support is located at 1,830.

Crude Palm Oil: RM2,446 (-RM4, -0.16%)
Crude palm oil prices formed a bearish engulfing candle on expectation over weak export data. The immediate resistance is envisaged around RM2,450.

WTI Crude Oil: $72.24 (+$0.96, +1.35%)
Crude oil prices advanced as U.S. could impose further sanctions after Venezuela president Nicolas Maduro retained his position in the latest election. The immediate resistance is located at US$75.

Gold: $1,292.60 (-$0.44, -0.03%)
Gold prices retreated as trade tension between U.S. and China receded. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 21 May 18
Institutions:  Net BUY 60.7 mln (59.4%)
Retail:  Net BUY 64.7 mln (19.7%)
Foreign:  Net SELL 125.4 mln (20.9%)

Potential Momentum Stocks - 22 May 18 
Stock Name: D&O (7204)
Entry: Buy above RM0.665
Target: RM0.71 (6.8%), RM0.745 (12.0%)
Stop: RM0.63 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: COMFORT (2127)
Entry: Buy above RM0.855
Target: RM0.92 (7.6%), RM1.00 (17.0%)
Stop: RM0.805 (-5.8%)
Shariah: Yes
Technical: Consolidation 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.