Dow Jones: 24,207.16 pts (+141.57pts, +0.59%)
U.S. stockmarkets marched higher as the Dow climbed 0.6% overnight, lifted by the strong corporate earnings from financial institutions like Goldman Sachs and Bank of America Corp. The immediate resistance is located at 24,500.

FBM KLCI: 1,673.08 pts (-6.34pts, -0.38%)
The FBM KLCI (-0.4%) gave up all its previous session gains as sentiment was cautious on the Brexit development in the Eurozone. The immediate resistance is located at 1,700.

Crude Palm Oil: RM2,175 (-RM9, -0.41%)
Crude palm oil prices retreated after the recent recovery in crude palm oil prices could curb demand from India. The immediate resistance is located around RM2200.

WTI Crude Oil: $52.31 (+$0.20, +0.38%)
Crude oil prices extended its gains after recovering all its intraday losses after U.S. weekly inventory level indicates a contraction. The immediate resistance is located at US$55.

Gold: $1,293.67 (+$4.16, +0.32%)
Gold prices rebounded to remain in the consolidation band as the recent Brexit developments spurred demand for safe haven assets. The immediate resistance is located around $1,300.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
EU - Eurozone's Inflation Rate, 6.00PM

Potential Momentum Stocks - 17 Jan 19 
Stock Name: MYEG (0138)
Entry: Buy above RM1.11
Target: RM1.24 (11.7%), RM1.38 (24.3%)
Stop: RM1.03 (-7.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: RANHILL (5272)
Entry: Buy above RM1.19
Target: RM1.29 (8.4%), RM1.33 (11.8%)
Stop: RM1.12 (-5.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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