Dow Jones: 25,199.29 pts (+79.40pts, +0.32%)
U.S. stockmarkets marched higher overnight as the Dow (+0.3%) recorded its fifth consecutive winning streak amid a slew of stronger-than-expected corporate earnings coupled with positive economic data. The immediate resistance is located at 25,500.

FBM KLCI: 1,753.07 pts (+15.79pts, +0.91%)
The FBM KLCI (+0.9%) trend higher for the eighth straight session as the key index closed at one-month high yesterday. The immediate resistance is located at 1,760.

Crude Palm Oil: RM2,211 (+RM40, +1.84%)
Crude palm oil prices staged a sharp rebound, taking cue from the higher soybean oil prices, coupled with the weaker Ringgit against the Greenback. The immediate support is located around RM2,160.

WTI Crude Oil: $68.76 (+$0.68, +1.00%)
Crude oil prices ended extended its gains on expectations over bullish demand over the near term. The immediate support is located at US$63.

Gold: $1,227.51 (-$0.03, -0.00%)
Gold prices extended its losses after the U.S. Dollar continues to appreciate against a basket of currencies. The immediate support will be pegged around US$1,220.

Economic Releases:
UK - United Kingdom's Retail Sales, 4.30PM

Bursa Malaysia Trade Statistics - 18 Jul 18
Institutions: Net SELL 40.3 mln (51.8%)
Retail: Net SELL 31.4 mln (25.4%)
Foreign: Net BUY 71.7 mln (22.8%)

Potential Momentum Stocks - 19 Jul 18
Stock Name: MASTEEL (5098)
Entry: Buy above RM0.60
Target: RM0.665 (10.8%), RM0.72 (20.0%)
Stop: RM0.57 (-5.0%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: CAB (7174)
Entry: Buy above RM0.945
Target: RM0.99 (4.8%), RM1.02 (7.9%)
Stop: RM0.91 (-3.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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