Dow Jones: 25,241.94 pts (+197.65pts, +0.79%)
Wall Street advanced overnight as the Dow gained 0.8%, boosted by the strong quarterly earnings data from Alphabet Inc. The immediate resistance is located at 25,500.

FBM KLCI: 1,762.93 pts (+4.97pts, +0.28%)
The FBM KLCI (+0.3%) extended its gains in tandem with the positive sentiment across regional peers after hovering mostly in the positive territory yesterday. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,152 (-RM17, -0.78%)
Crude palm oil prices extended its losses on lingering concern over sluggish export demand coupled with expectation over rising supply. The immediate support is located around RM2,100.

WTI Crude Oil: $68.52 (+$0.63, +0.93%)
Crude oil prices rebounded after U.S. inventory level declined. The immediate resistance is located at US$70.

Gold: $1,224.52 (+$0.02, +0.00%)
Gold prices closed on a flat note on a muted demand as investors opted for riskier assets. The immediate support will be pegged around US$1,220.

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

Bursa Malaysia Trade Statistics - 24 Jul 18
Institutions:  Net BUY 125.9 mln (49.5%)
Retail:  Net BUY 3.2 mln (28.7%)
Foreign:  Net SELL 129.1 mln (21.8%)

Potential Momentum Stocks - 25 Jul 18 
Stock Name: CAB (7174)
Entry: Buy above RM0.96
Target: RM1.02 (6.3%), RM1.08 (12.5%)
Stop: RM0.91 (-5.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: KERJAYA (7161)
Entry: Buy above RM1.59
Target: RM1.76 (10.7%), RM1.87 (17.6%)
Stop: RM1.45 (-8.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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