Dow Jones: 26,210.81 pts (-3.79pts, -0.01%)
U.S. stockmarkets closed on a mixed note as the Dow (-0.01%) ended marginally lower on disappointing earnings in Procter & Gamble and Johnson & Johnson, while the S&P 500 and Nasdaq added 0.2% and 0.7% respectively. The immediate resistance is located at 26,500.

FBM KLCI: 1,838.04 pts (+4.89pts, +0.27%)
The FBM KLCI (+0.3%) advanced for the third straight session yesterday in tandem with the positive sentiment across regional indices. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,494 (+RM19, +0.77%)
Crude palm oil prices extended its gains on improved demand outlook. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $64.47 (+$0.98, +1.54%)
Crude oil prices jumped to three-year high in anticipation of shrinking U.S. inventory level. The immediate resistance is located at US$65.

Gold: $1,341.21 (+$7.29, +0.55%)
Gold prices advanced to record its third straight session of gains. The immediate resistance will be pegged around US$1,350.

Economic Releases:
UK - United Kingdom's Unemployment Rate, 5.30PM
US - United States' Existing Home Sales, 11.00PM

Bursa Malaysia Trade Statistics - 23 Jan 18
Institutions:  Net SELL 239.8 mln (52.8%)
Retail:  Net SELL 14.6 mln (25.4%)
Foreign:  Net BUY 254.4 mln (21.8%)

Potential Momentum Stocks - 24 Jan 18 
Stock Name: ASTINO (7162)
Entry: Buy above RM1.07
Target: RM1.20 (12.1%), RM1.29 (20.6%)
Stop: RM1.03 (-3.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: DELEUM (5132)
Entry: Buy above RM1.11
Target: RM1.19 (7.2%), RM1.25 (12.6%)
Stop: RM1.05 (-5.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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