Dow Jones: 24,700.45 pts (-219.21pts, -0.88%)
U.S. stockmarkets halted a four-day winning streak as the Dow sank 0.9% on escalating trade tension after U.S. would assess 10% new tariffs on $200.0 bln worth of China's products. The immediate support is located at 24,000.

FBM KLCI: 1,688.77 pts (+1.64pts, +0.10%)
The eleventh hour buying support in selected banking heavyweights nudged the FBM KLCI (+0.1%) higher for the third straight session yesterday. The immediate support is located at 1,660.

Crude Palm Oil: RM2,204 (-RM55, -2.43%)
Crude palm oil prices closed at two months low, dragged down by the rising inventory level as a result of sluggish export. The immediate resistance is support around RM2,200.

WTI Crude Oil: $70.38 (-$3.73, -5.05%)
Crude oil prices endured is worst single day fall over the past two years amid concern over trade war coupled with the resume production in Libya. The immediate resistance is located at US$75.

Gold: $1,241.96 (-$13.58, -1.08%)
Gold prices extended its losses amid the escalation in U.S.-China trade dispute. The immediate support will be pegged around US$1,220.

Economic Releases:
EU - Eurozone's Industrial Production, 5.00PM
US - United States' Inflation Rate, 8.30PM

Bursa Malaysia Trade Statistics - 11 Jul 18
Institutions:  Net BUY 103.9 mln (44.8%)
Retail:  Net BUY 9.0 mln (21.6%)
Foreign:  Net SELL 112.9 mln (33.6%)

Potential Momentum Stocks - 12 Jul 18 
Stock Name: OPENSYS (0040)
Entry: Buy above RM0.295
Target: RM0.315 (6.8%), RM0.325 (10.2%)
Stop: RM0.28 (-5.1%)
Shariah: s
Technical: Monitor for breakout

Stock Name: CCK (7035)
Entry: Buy above RM0.89
Target: RM0.955 (7.3%), RM1.00 (12.4%)
Stop: RM0.85 (-4.5%)
Shariah: Yes
Technical: Hammer candle

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.