Dow Jones: 24,285.95 pts (-178.74pts, -0.73%)
U.S. stockmarkets trended lower as the Dow sank 0.7%, dragged down by the lingering weakness in technology shares, coupled with the fresh weakness in energy shares. The immediate support is located at 24,000.
FBM KLCI: 1,695.88 pts (+0.26pts, +0.02%)
The FBM KLCI (+0.02%) managed to inch higher, boosted by the eleventh hour buying support in selected index heavyweights on last Friday. The immediate resistance is located at 1,730.
Crude Palm Oil: RM2,044 (-RM13, -0.63%)
Crude palm oil prices retreated, dragged down by lingering concern over rising supply and stockpiles. The immediate support is located around RM1950.
WTI Crude Oil: $50.42 (-$4.21, -7.75%)
Crude oil prices took a beating as concern over the oversupply condition offset OPEC's move to cut production in 2019. The immediate resistance is located at US$55.
Gold: $1,223.05 (-$5.59, -0.46%)
Gold prices retreated after the U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.
Potential Momentum Stocks - 26 Nov 18
Stock Name: IJACOBS (0162)
Entry: Buy above RM0.28
Target: RM0.31 (10.7%), RM0.345 (23.2%)
Stop: RM0.26 (-7.1%)
Shariah: Yes
Technical: Consolidation breakout
Stock Name: ACOSTEC (7120)
Entry: Buy above RM0.43
Target: RM0.46 (7.0%), RM0.49 (14.0%)
Stop: RM0.40 (-7.0%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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