Dow Jones: 25,064.36 pts (+44.95pts, +0.18%)
U.S. stockmarkets ended mixed overnight as the Dow added 0.2%, boosted by gains in financial giants but the S&P 500 fell 0.3%, dragged down by the weakness in energy and basic materials sectors. The immediate resistance is located at 25,500.

FBM KLCI: 1,726.67 pts (+4.74pts, +0.28%)
Buying support in Petronas-related heavyweights sent the FBM KLCI (+0.3%) higher for the sixth straight session after the key index recovered all its intraday losses yesterday. The immediate support is located at 1,700.

Crude Palm Oil: RM2,173 (+RM14, +0.65%)
Crude palm oil prices halted a four-day losing streak on potential improve export demand. The immediate support is located around RM2,160.

WTI Crude Oil: $68.06 (-$2.95, -4.15%)
Crude oil prices took a beating after U.S. administration is considering to put a waiver on Iran oil sanctions. The immediate support is located at US$63.

Gold: $1,240.93 (-$3.39, -0.27%)
Gold prices retreated ahead of U.S. President Donald Trump and Russia's President Vladimir Putin meeting. The immediate support will be pegged around US$1,220.

Economic Releases:
UK - United Kingdom's Unemployment Rate, 4.30PM
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM

Bursa Malaysia Trade Statistics - 16 Jul 18
Institutions:  Net BUY 67.0 mln (54.0%)
Retail:  Net BUY 1.5 mln (22.0%)
Foreign:  Net SELL 68.5 mln (24.0%)

Potential Momentum Stocks - 17 Jul 18 
Stock Name: HOHUP (5169)
Entry: Buy above RM0.485
Target: RM0.525 (8.2%), RM0.54 (11.3%)
Stop: RM0.465 (-4.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SERBADK (5279)
Entry: Buy above RM3.42
Target: RM3.58 (4.7%), RM3.68 (7.6%)
Stop: RM3.32 (-2.9%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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