Dow Jones: 23,323.66 pts (-351.98pts, -1.49%)
U.S. stockmarkets endured another round of volatility as the Dow sank 1.5% after erasing all its intraday gains following the U.S. Federal Reserve move to raise its benchmark interest rates by another 25 basis points and stood pat on its hawkish stance for 2019. The immediate support is located at 23,000.

FBM KLCI: 1,655.66 pts (+20.35pts, +1.24%)
The FBM KLCI (+1.2%) snapped a three-day losing streak to recover all its previous session losses, boosted by bargain hunting activities in selected index heavyweights. The immediate resistance is located at 1,660.

Crude Palm Oil: RM2,198 (+RM43, +2.00%)
Crude palm oil prices advanced for the third straight session to close at its highest level in eight weeks on expectations over improve demand from China. The immediate support is located around RM2100.

WTI Crude Oil: $48.17 (+$1.93, +4.11%)
Crude oil prices rebounded on expectation over improved demand. The immediate support is located at US$40.

Gold: $1,243.08 (-$6.34, -0.51%)
Gold prices formed a bearish engulfing candle to erase all its previous session gains after the U.S. Federal Reserve raise its benchmark interest rates for the fourth time in 2018. The immediate resistance is located around $1,280.

Economic Releases:
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
UK - United Kingdom's Retail Sales, 5.30PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 8.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 8.00PM
US - United States' Existing Home Sales, 11.00PM

Potential Momentum Stocks - 20 Dec 18 
Stock Name: PENTA (7160)
Entry: Buy above RM2.85
Target: RM3.26 (14.4%), RM3.47 (21.8%)
Stop: RM2.59 (-9.1%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: GCB (5102)
Entry: Buy above RM2.72
Target: RM2.96 (8.8%), RM3.06 (12.5%)
Stop: RM2.59 (-4.8%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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