[8:44 AM, 12/18/2018] Alex@MQTrader: Dow Jones: 23,592.98 pts (-507.53pts, -2.11%)
U.S. stockmarkets sank deeper to close at 14-months low as the Dow tumbled 2.1%, dragged down by concern over the impending U.S. Federal Reserve interest rate hike. The immediate support is located at 23,000.

FBM KLCI: 1,641.62 pts (-20.34pts, -1.22%)
Tracking the renewed volatility in Wall Street overnight, the FBM KLCI (-1.2%) extended its losses to close at its lowest level since January 2017. The immediate support is located at 1,630.

Crude Palm Oil: RM2,121 (-RM17, -0.80%)
Crude palm oil prices halted a three-day winning streak on concern over the sluggish export. The immediate support is located around RM2000.

WTI Crude Oil: $49.88 (-$1.32, -2.55%)
Crude oil prices closed below US$50 per barrel for the first time in 2018 on lingering concern over rising U.S. inventory data. The immediate support is located at US$45.

Gold: $1,245.85 (+$6.83, +0.55%)
Gold prices trended sharply higher as demand for safe haven assets rose on the back of the volatility in equities and commodities markets. The immediate resistance is located around $1,250.

Potential Momentum Stocks - 18 Dec 18 
Stock Name: RANHILL (5272)
Entry: Buy above RM1.13
Target: RM1.25 (10.6%), RM1.33 (17.7%)
Stop: RM1.02 (-9.7%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: UCHITEC (7100)
Entry: Buy above RM2.69
Target: RM3.00 (11.5%), RM3.12 (16.0%)
Stop: RM2.48 (-7.8%)
Shariah: Yes
Technical: Bullish harami candle

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.