Dow Jones: 25,119.89 pts (+55.53pts, +0.22%)
Wall Street edged higher as the Dow added 0.2% overnight after U.S. Federal Reserve Chairman, Jerome Powell maintained his stance on a gradual rate hike. The immediate resistance is located at 25,500.

FBM KLCI: 1,737.28 pts (+10.61pts, +0.61%)
The FBM KLCI (+0.6%) recorded its seventh straight winning streak, closing at an intraday high of 1,737.28 pts yesterday after KWAP announced to increase their weightage on the equity market. The immediate support is located at 1,700.

Crude Palm Oil: RM2,171 (-RM2, -0.09%)
Crude palm oil prices ended marginally lower amid lingering concern over sluggish demand. The immediate support is located around RM2,160.

WTI Crude Oil: $68.08 (+$0.02, +0.03%)
Crude oil prices ended marginally higher on rising U.S. inventory level. The immediate support is located at US$63.

Gold: $1,227.54 (-$13.39, -1.08%)
Gold prices trended lower on softer demand, coupled with the appreciation of Greenback against a basket of currencies. The immediate support will be pegged around US$1,220.

Economic Releases:
UK - United Kingdom's Inflation Rate, 4.30PM
EU - Eurozone's Inflation Rate, 5.00PM

Bursa Malaysia Trade Statistics - 17 Jul 18
Institutions:  Net BUY 93.4 mln (51.6%)
Retail:  Net SELL 3.3 mln (23.8%)
Foreign:  Net SELL 90.1 mln (24.6%)

Potential Momentum Stocks - 18 Jul 18 
Stock Name: KRONO (0176)
Entry: Buy above RM0.62
Target: RM0.69 (11.3%), RM0.72 (16.1%)
Stop: RM0.575 (-7.3%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: CCMDBIO (7148)
Entry: Buy above RM1.34
Target: RM1.49 (11.2%), RM1.55 (15.7%)
Stop: RM1.25 (-6.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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