Dow Jones: 23,328.63 pts (+165.59pts, +0.71%)
Wall Street edged higher last Friday as the Dow gained 0.7% on hopes over the implementation of tax reformation plan by President Donald Trump. The immediate resistance is located at 23,500.

FBM KLCI: 1,740.65 pts (-3.34pts, -0.19%)
The FBM KLCI (-0.2%) endured further selling pressure on last Friday, bucking the positive performance across key regional indices. The immediate support is located at 1,730.

Crude Palm Oil: RM2,741 (+RM18, +0.66%)
Crude palm oil prices staged a mild recovery to trim its weekly losses as soybean oil prices rebounded. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $51.84 (+$0.54, +1.06%)
Crude oil prices extended its gains after U.S. oil rig counts decline. The immediate resistance is located at US$55.

Gold: $1,280.47 (-$9.61, -0.74%)
Gold prices fell after demand for safe haven assets decline. The immediate support will be pegged around US$1,250.

Economic Releases:
CN - China's House Price Index, 9.30AM

Bursa Malaysia Trade Statistics - 20 Oct 17
Institutions:  Net BUY 0.2 mln (43.9%)
Retail:  Net BUY 7.2 mln (20.1%)
Foreign:  Net SELL 7.4 mln (36.0%)

Potential Momentum Stocks - 23 Oct 17 
Stock Name: SENDAI (5205)
Entry: Buy above RM0.935
Target: RM1.05 (12.3%), RM1.10 (17.6%)
Stop: RM0.87 (-7.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: LEWEKO (8745)
Entry: Buy above RM0.31
Target: RM0.34 (9.7%), RM0.36 (16.1%)
Stop: RM0.29 (-6.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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