Dow Jones: 24,370.24 pts (-53.02pts, -0.22%)
U.S. stockmarkets closed in the red as the Dow fell 0.2% after erasing all its intraday gains after U.S. President threaten to shut down the government should the funding for proposed border wall is not approved. The immediate resistance is located at 25,000.

FBM KLCI: 1,652.63 pts (-10.68pts, -0.64%)
The FBM KLCI (-0.6%) recorded its sixth straight session of decline, weighed down by weakness in selected banking heavyweights yesterday. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,015 (-RM27, -1.32%)
Crude palm oil prices retreated, dragged down by the lingering concern over rising output and lacklustre demand. The immediate support is located around RM1950.

WTI Crude Oil: $51.65 (+$0.65, +1.27%)
Crude oil prices after U.S. inventory level declined last week. The immediate resistance is located at US$55.

Gold: $1,243.25 (-$1.61, -3.10%)
Gold prices retreated after U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's Industrial Production, 12.00PM
EU - Eurozone's Industrial Production, 6.00PM
US - United States' Inflation Rate, 9.30PM

Potential Momentum Stocks - 12 Dec 18 
Stock Name: BAUTO (5248)
Entry: Buy above RM2.16
Target: RM2.25 (4.2%), RM2.31 (6.9%)
Stop: RM2.05 (-5.1%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: MBSB (1171)
Entry: Buy above RM1.00
Target: RM1.05 (5.0%), RM1.00 (0.0%)
Stop: RM0.95 (-5.0%)
Shariah: No
Technical: Monitor for breakout

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Source: Bloomberg, M+ Online

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