Dow Jones: 26,492.21 pts (-69.84pts, -0.26%)
U.S. stockmarkets extended their losses overnight as the Dow fell 0.3% ahead of the U.S. Federal Reserve monetary policy decision. The immediate resistance is located at 27,000.
FBM KLCI: 1,794.47 pts (-5.70pts, -0.32%)
Tracking the renewed weakness on Wall Street overnight, the FBM KLCI (-0.3%) trended lower as the key index tripped below the 1,800 psychological level yesterday. The immediate resistance is located at 1,830.
Crude Palm Oil: RM2,181 (+RM18, +0.83%)
Crude palm oil prices extended its gains, lifted by the improved demand, coupled with the weaker Ringgit against the Greenback. The immediate support is located around RM2,100.
WTI Crude Oil: $72.28 (+$0.20, +0.28%)
Crude oil prices extended its gains, boosted by expectations over tighter supply. The immediate resistance is located at US$75.
Gold: $1,201.22 (+$2.19, +0.18%)
Gold prices rebounded to close above the US$1,200 psychological level after the U.S. Dollar retreated against a basket of currencies. The immediate support will be pegged around US$1,150.
Economic Releases:
US - United States' New Home Sales, 10.00PM
Bursa Malaysia Trade Statistics - 25Sep18
Institutions: Net SELL 210.8 mln (56.3%)
Retail: Net BUY 11.4 mln (22.4%)
Foreign: Net BUY 199.4 mln (21.3%)
Potential Momentum Stocks - 26Sep18
Stock Name: CCK (7035)
Entry: Buy above RM0.87
Target: RM0.935 (7.5%), RM0.97 (11.5%)
Stop: RM0.815 (-6.3%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: KRONO (0176)
Entry: Buy above RM0.72
Target: RM0.805 (11.8%), RM0.86 (19.4%)
Stop: RM0.65 (-9.7%)
Shariah: Yes
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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