Dow Jones: 24,886.81 pts (+52.40pts, +0.21%)
U.S. stockmarkets clawed their way to close in the positive territory (Dow Jones: +0.2%) as the latest Federal Reserve meeting hinted of a non-aggressive interest rate hike. The immediate resistance is located at 25,800.

FBM KLCI: 1,804.25 pts (-40.78pts, -2.21%)
The FBM KLCI (-2.2%) suffered its biggest daily decline since August 2015, amid concern over the country’s fiscal deficit level coupled with the general weakness across the global equities. The immediate support is located at 1,800.

Crude Palm Oil: RM2,473 (-RM4, -0.16%)
Crude palm oil prices retreated from six-week high on profit taking activities. The immediate resistance is envisaged around RM2,500.

WTI Crude Oil: $71.84 (-$0.29, -0.40%)
Crude oil prices extended its losses as U.S. inventory level unexpectedly rose. The immediate resistance is located at US$75.

Gold: $1,293.41 (+$2.27, +0.18%)
Gold prices rebounded remain in the one-week consolidation band. The immediate support will be pegged around US$1,260.

Economic Releases:
UK - United Kingdom's Retail Sales, 4.30PM
US - United States' Existing Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 23 May 18
Institutions:  Net BUY 196.9 mln (54.3%)
Retail:  Net BUY 89.9 mln (19.3%)
Foreign:  Net SELL 286.8 mln (26.4%)

Potential Momentum Stocks - 24 May 18 
Stock Name: EWINT (5283)
Entry: Buy above RM0.975
Target: RM1.03 (5.6%), RM1.08 (10.8%)
Stop: RM0.945 (-3.1%)
Shariah: No
Technical: Monitor for breakout

Stock Name: SKPRES (7155)
Entry: Buy above RM1.55
Target: RM1.64 (5.8%), RM1.75 (12.9%)
Stop: RM1.48 (-4.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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