Dow Jones: 24,597.38 pts (+70.11pts, +0.29%)
U.S. stockmarkets finished mixed overnight as the Dow added 0.3% but the S&P 500 edged 0.02% lower after enduring a choppy trading session. The immediate resistance is located at 25,000.
FBM KLCI: 1,676.00 pts (+12.73pts, +0.77%)
The FBM KLCI (+0.8%) gapped up to extend its gains in tandem with the positive sentiment across regional peers yesterday. The immediate resistance is located at 1,700.
Crude Palm Oil: RM2,046 (+RM14, +0.69%)
Crude palm oil prices extended its gains, taking cue from the higher soybean oil prices as the latter saw improved demand from China. The immediate support is located around RM1950.
WTI Crude Oil: $52.58 (+$1.43, +2.80%)
Crude oil prices rallied after Saudi Arabia is reported to slash shipments to U.S. in order to tackle the inventory build-up situation. The immediate resistance is located at US$55.
Gold: $1,241.99 (-$3.67, -0.29%)
Gold prices ended lower as the U.S. Dollar appreciated against a basket of currencies. The immediate resistance is located around $1,250.
Economic Releases:
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
MY - Malaysia's Unemployment Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 9.30PM
US - United States' Industrial Production, 10.15PM
US - United States' Manufacturing Production, 10.15PM
Potential Momentum Stocks - 14 Dec 18
Stock Name: CCMDBIO (7148)
Entry: Buy above RM1.08
Target: RM1.16 (7.4%), RM1.25 (15.7%)
Stop: RM1.02 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: SERBADK (5279)
Entry: Buy above RM3.80
Target: RM4.06 (6.8%), RM4.29 (12.9%)
Stop: RM3.60 (-5.3%)
Shariah: Yes
Technical: Monitor for trendline breakout
Source: Bloomberg, M+ Online
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