Dow Jones: 25,387.18 pts (-602.12pts, -2.32%)
U.S. stockmarkets took a beating overnight as the Dow sank 2.3%, dragged down by the intensified selloff in technology shares. The immediate resistance is located at 26,500.
FBM KLCI: 1,696.14 pts (-11.95pts, -0.70%)
The FBM KLCI (-0.7%) extended its losses to close below the 1,700 psychological level after the Ringgit continues to weaken against the Greenback. The immediate support is located at 1,670.
Crude Palm Oil: RM2,034 (-RM6, -0.29%)
Crude palm oil prices trended lower for the fifth straight session to close at fresh three-year low on stagnating demand, coupled with rising stockpiles. The immediate support is located around RM2,000.
WTI Crude Oil: $59.93 (-$0.26, -0.43%)
Crude oil prices recorded its eleventh straight session of decline after erasing all its intraday gains. The immediate support is located at US$57.
Gold: $1,200.37 (-$9.28, -0.77%)
Gold prices sank lower for the seventh straight session after the Greenback appreciated against a basket of currencies. The immediate resistance is located around $1,250.
Economic Releases:
UK - United Kingdom's Unemployment Rate, 5.30PM
Potential Momentum Stocks - 13 Nov 18
Stock Name: TALIWRK (8524)
Entry: Buy above RM0.80
Target: RM0.835 (4.4%), RM0.86 (7.5%)
Stop: RM0.78 (-2.5%)
Shariah: Yes
Technical: Flag-formation breakout
Stock Name: KTC (0180)
Entry: Buy above RM0.16
Target: RM0.18 (12.5%), RM0.19 (18.8%)
Stop: RM0.15 (-6.3%)
Shariah: No
Technical: Breakout-pullback-continuation
Source: Bloomberg, M+ Online
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