Dow Jones: 22,445.37 pts (-414.23pts, -1.81%)
Wall Street continue to tank last Friday as the Dow slipped 1.8% to mark its worst weekly decline since 2008 on fear over economic slowdown, political instability from Brexit and a looming U.S. government shutdown. The immediate support is located at 22,000.

FBM KLCI: 1,670.28 pts (+19.72pts, +1.19%)
The FBM KLCI (+1.2%) closed sharply higher to recover all its weekly losses, bucking the mostly negative sentiment across its regional peers on last Friday. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,157 (-RM28, -1.28%)
Crude palm oil prices extended its losses, taking cue from the weakness in soybean oil prices. The immediate support is located around RM2100.

WTI Crude Oil: $45.59 (-$0.29, -0.63%)
Crude oil prices extended its losses as the number of U.S. oil rigs rose to 1080 last week. The immediate support is located at US$40.

Gold: $1,256.94 (-$2.92, -0.23%)
Gold prices retreated after the U.S. Dollar advanced against a basket of currencies. The immediate resistance is located around $1,280.

Potential Momentum Stocks - 24 Dec 18 
Stock Name: GCB (5102)
Entry: Buy above RM2.79
Target: RM3.07 (10.0%), RM3.20 (14.7%)
Stop: RM2.59 (-7.2%)
Shariah: No
Technical: Monitor for breakout

Stock Name: ELSOFT (0090)
Entry: Buy above RM1.11
Target: RM1.21 (9.0%), RM1.29 (16.2%)
Stop: RM1.05 (-5.4%)
Shariah: Yes
Technical: Bullish harami candle

Source: Bloomberg, M+ Online

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