Dow Jones: 26,392.79 pts (+140.67pts, +0.54%)
U.S. stockmarkets advanced to record high levels after the U.S. Dollar strengthened against a basket of currencies. The immediate resistance is located at 26,500.

FBM KLCI: 1,845.86 pts (+8.82pts, +0.48%)
The FBM KLCI (+0.5%) advanced, powered by banking heavyweights after Bank Negara raised its benchmark interest rates yesterday. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,493 (-RM28, -1.11%)
Crude palm oil prices snapped a three-day winning streak, on profit taking activities. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $65.51 (-$0.10, -0.15%)
Crude oil prices erased all its intraday gains, despite Kuwait reduced its production goal for 2020. The immediate resistance is located at US$70.

Gold: $1,348.26 (-$10.20, -0.75%)
Gold prices halted a five consecutive days of rally after the U.S. Dollar strengthened against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 25 Jan 18
Institutions:  Net SELL 170.0 mln (56.2%)
Retail:  Net SELL 24.4 mln (20.7%)
Foreign:  Net BUY 194.4 mln (23.1%)

Potential Momentum Stocks - 26 Jan 18 
Stock Name: MBSB (1171)
Entry: Buy above RM1.26
Target: RM1.35 (7.1%), RM1.38 (9.5%)
Stop: RM1.19 (-5.6%)
Shariah: No
Technical: Monitor for breakout

Stock Name: WELLCAL (7231)
Entry: Buy above RM1.47
Target: RM1.60 (8.8%), RM1.66 (12.9%)
Stop: RM1.41 (-4.1%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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