Dow Jones: 24,834.41 pts (-178.88pts, -0.72%)
Wall Street erased their intraday gains as the Dow (-0.7%) slipped below the 25,000 psychological level after U.S. President Donald Trump signals dissatisfaction on trade talks with China. The immediate resistance is located at 25,800.

FBM KLCI: 1,845.03 pts (-8.55pts, -0.46%)
The FBM KLCI extended its losses on selling pressure in utilities and oil & gas heavyweights yesterday. The immediate support is located at 1,830.

Crude Palm Oil: RM2,477 (+RM31, +1.27%)
Crude palm oil prices rebounded in line with higher soybean oil prices. The immediate resistance is envisaged around RM2,500.

WTI Crude Oil: $72.20 (-$0.04, -0.06%)
Crude oil prices staged a minor pullback despite U.S. weekly inventory level declined. The immediate resistance is located at US$75.

Gold: $1,291.14 (-$1.46, -0.11%)
Gold prices extended its losses as gains were capped by the appreciation of U.S. Dollar against a basket of currencies. The immediate support will be pegged around US$1,260.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
UK - United Kingdom's Inflation Rate, 4.30PM
US - United States' New Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 22 May 18
Institutions:  Net BUY 12.2 mln (60.6%)
Retail:  Net BUY 65.0 mln (19.5%)
Foreign:  Net SELL 77.2 mln (19.9%)

Potential Momentum Stocks - 23 May 18 
Stock Name: BAUTO (5248)
Entry: Buy above RM2.29
Target: RM2.47 (7.9%), RM2.60 (13.5%)
Stop: RM2.17 (-5.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: CMMT (5180)
Entry: Buy above RM1.21
Target: RM1.35 (11.6%), RM1.47 (21.5%)
Stop: RM1.12 (-7.4%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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