Dow Jones: 23,995.95 pts (-5.97pts, -0.02%)
U.S. stockmarkets snapped a five-day winning streak as the Dow fell 0.02% on profit taking activities. The immediate resistance is located at 24,500.
FBM KLCI: 1,683.22 pts (+4.34pts, +0.26%)
The FBM KLCI (+0.3%) advanced in tandem with the positive sentiment across regional peers on last Friday. The immediate resistance is located at 1,700.
Crude Palm Oil: RM2,171 (+RM8, +0.37%)
Crude palm oil prices staged a mild recovery, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2200.
WTI Crude Oil: $51.59 (-$1.00, -1.91%)
Crude oil prices halted a nine-day winning streak on lingering concern over rising U.S. production. The immediate resistance is located at US$55.
Gold: $1,290.25 (+$3.60, +0.28%)
Gold prices rebounded after the Greenback depreciated against a basket of currencies. The immediate resistance is located around $1,300.
Economic Releases:
EU - Eurozone's Industrial Production, 6.00PM
Potential Momentum Stocks - 14 Jan 19
Stock Name: GDB (0198)
Entry: Buy above RM0.25
Target: RM0.275 (10.0%), RM0.295 (18.0%)
Stop: RM0.23 (-8.0%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: KRONO (0176)
Entry: Buy above RM0.64
Target: RM0.69 (7.8%), RM0.71 (10.9%)
Stop: RM0.60 (-6.3%)
Shariah: Yes
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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