Dow Jones: 23,441.76 pts (+167.80pts, +0.72%)
Stronger-than-expected corporate earnings from Caterpillar (+5.0%) and McDonalds (+0.5%) sent the Dow (+0.7%) to close at fresh record high levels overnight. The immediate resistance is located at 23,500.

FBM KLCI: 1,736.14 pts (-5.33pts, -0.31%)
The FBM KLCI (-0.3%) erased all its previous session gains, dragged down by selling pressure from foreign funds. The immediate support is located at 1,730.

Crude Palm Oil: RM2,777 (-RM10, -0.36%)
Crude palm oil prices retreated in tandem with the weaker soybean oil prices. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $52.47 (+$0.57, +1.10%)
Crude oil prices advanced after U.S. gasoline stockpiles declined. The immediate resistance is located at US$55.

Gold: $1,276.58 (-$5.69, -0.44%)
Gold prices extended its losses as demand for safe haven assets fades. The immediate support will be pegged around US$1,250.

Economic Releases:
US - United States' New Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 24 Oct 17
Institutions:  Net BUY 94.2 mln (53.0%)
Retail:  Net BUY 26.5 mln (24.8%)
Foreign:  Net SELL 120.7 mln (22.2%)

Potential Momentum Stocks - 25 Oct 17 
Stock Name: SALUTE (0183)
Entry: Buy above RM1.40
Target: RM1.49 (6.4%), RM1.55 (10.7%)
Stop: RM1.31 (-6.4%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MIECO (5001)
Entry: Buy above RM1.18
Target: RM1.26 (6.8%), RM1.300 (10.2%)
Stop: RM1.15 (-2.5%)
Shariah: Breakout-pullback-continuation
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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