Dow Jones: 25,019.41 pts (+94.52pts, +0.38%)
U.S. stockmarkets extended their gains as the Dow (+0.4%) rose above the 25,000 psychological level, boosted by optimism over strong corporate earnings, while the S&P 500 closed at five-months high. The immediate resistance is located at 25,500.

FBM KLCI: 1,721.93 pts (+18.36pts, +1.08%)
The FBM KLCI (+1.0%) advanced for the fifth straight session on strong buying support in selected index heavyweights, coupled with the slowdown in foreign fund outflow. The immediate support is located at 1,700.

Crude Palm Oil: RM2,159 (-RM38, -1.73%)
Crude palm oil prices extended its losses amid the sluggish export demand. The immediate resistance is support around RM2,160.

WTI Crude Oil: $71.01 (+$0.68, +0.96%)
Crude oil prices extended its losses as concern over supply disruptions eased. The immediate resistance is located at US$75.

Gold: $1,244.32 (-$3.07, -0.25%)
Gold prices trended higher amid the escalation trade tension between U.S. and China. The immediate support will be pegged around US$1,220.

Economic Releases:
CN - China's 2Q2018 GDP Growth Rate, 10.00AM
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
US - United States' Retail Sales, 8.30PM

Bursa Malaysia Trade Statistics - 13 Jul 18
Institutions:  Net BUY 104.2 mln (49.7%)
Retail:  Net SELL 47.2 mln (25.0%)
Foreign:  Net SELL 57.0 mln (25.3%)

Potential Momentum Stocks - 16 Jul 18 
Stock Name: PENTA (7160)
Entry: Buy above RM2.47
Target: RM2.59 (4.9%), RM2.75 (11.3%)
Stop: RM2.37 (-4.0%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: MMSV (0113)
Entry: Buy above RM1.38
Target: RM1.50 (8.7%), RM1.60 (15.9%)
Stop: RM1.28 (-7.2%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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