Dow Jones: 23,163.04 pts (+5.44pts, +0.02%)
U.S. stockmarkets recovered all their intraday losses overnight as the Dow added 0.02% after investors shrugged off the weaker-than-expected economic data in Hong Kong and China and focus on the strength in corporate earnings instead. The immediate resistance is located at 23,500.

FBM KLCI: 1,743.99 pts (-5.00pts, -0.29%)
Tracking the weakness in major Asian benchmark indices, the FBM KLCI (-0.3) edged lower for the third straight session yesterday. The immediate support is located at 1,730.

Crude Palm Oil: RM2,723 (-RM18, -0.66%)
Crude palm oil prices extended its losses on speculation over softer demand. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $51.29 (-$0.75, -1.44%)
Crude oil prices formed a bearish engulfing candle amid the build-up in U.S. inventories. The immediate resistance is located at US$55.

Gold: $1,290.13 (+$9.05, +0.71%)
Gold prices advanced on political uncertainty in Spain coupled with the soft economic data in Asia. The immediate support will be pegged around US$1,250.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
US - United States' Existing Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 19 Oct 17
Institutions:  Net BUY 3.7 mln (50.6%)
Retail:  Net BUY 15.8 mln (20.7%)
Foreign:  Net SELL 19.5 mln (28.7%)

Potential Momentum Stocks - 20 Oct 17 
Stock Name: BAUTO (5248)
Entry: Buy above RM2.10
Target: RM2.15 (2.4%), RM2.20 (4.8%)
Stop: RM2.06 (-1.9%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: GUNUNG (7676)
Entry: Buy above RM0.425
Target: RM0.475 (11.8%), RM0.495 (16.5%)
Stop: RM0.395 (-7.1%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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