Dow Jones: 24,527.27 pts (+157.03pts, +0.64%)
U.S. stockmarkets advanced overnight as the Dow added 0.6%, boosted by optimism over the potential U.S.-China trade deal. The immediate resistance is located at 25,000.

FBM KLCI: 1,663.27 pts (+10.64pts, +0.64%)
The FBM KLCI (+0.6%) snapped a six-day losing streak led by rally in selected banking heavyweights yesterday, in tandem with the positive sentiment across regional peers. The immediate resistance is located at 1,670.

Crude Palm Oil: RM2,032 (+RM17, +0.84%)
Crude palm oil prices rebounded, taking cue from the higher soybean oil prices as a result from rising demand from China. The immediate support is located around RM1950.

WTI Crude Oil: $51.20 (-$0.45, -0.87%)
Crude oil prices retreated after erasing all its intraday gains on lingering worry over the supply glut. The immediate resistance is located at US$55.

Gold: $1,245.66 (+$0.65, +1.26%)
Gold prices staged a mild recovery, lifted by the depreciation of Greenback against a basket of currencies. The immediate resistance is located around $1,250.

Economic Releases:
JP - Japan's Machinery Orders, 7.50AM
MY - Malaysia's Retail Sales, 12.00PM
EU - Eurozone's European Central Bank's Interest Rate Decision, 8.45PM

Potential Momentum Stocks - 13 Dec 18 
Stock Name: WPRTS (5246)
Entry: Buy above RM3.80
Target: RM4.04 (6.3%), RM4.21 (10.8%)
Stop: RM3.56 (-6.3%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: SYF (7082)
Entry: Buy above RM0.24
Target: RM0.27 (12.5%), RM0.285 (18.8%)
Stop: RM0.22 (-8.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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