Dow Jones: 25,317.41 pts (-126.93pts, -0.50%)
U.S. stockmarkets edged lower overnight on worries over tightening of monetary policy as the Dow fell 0.5%, while the S&P 500 (-0.4%) recorded its fourth straight session of decline. The immediate resistance is located at 26,000.

FBM KLCI: 1,722.47 pts (-9.67pts, -0.56%)
The FBM KLCI (-0.6%) underperformed its regional peers as selloff in blue chips took precedence yesterday. The immediate resistance is located at 1,770.

Crude Palm Oil: RM2,237 (+RM13, +0.58%)
Crude palm oil prices rebounded in tandem with the mild recovery in soybean oil prices. The immediate support is located around RM2,200.

WTI Crude Oil: $69.36 (+$0.24, +0.35%)
Crude oil prices edged marginally higher, despite Saudi Arabia's pledge to boost output. The immediate support is located at US$67.

Gold: $1,222.10 (-$4.39, -0.36%)
Gold prices retreated after the Greenback appreciated against a basket of currencies. The immediate resistance is located around $1,250.

Bursa Malaysia Trade Statistics - 22 Oct 18
Institutions:  Net SELL 67.2 mln (46.5%)
Retail:  Net BUY 33.2 mln (26.1%)
Foreign:  Net BUY 34.0 mln (27.4%)

Potential Momentum Stocks - 23 Oct 18 
Stock Name: EATECH (5259)
Entry: Buy above RM0.515
Target: RM0.57 (10.7%), RM0.605 (17.5%)
Stop: RM0.475 (-7.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: REACH (5256)
Entry: Buy above RM0.45
Target: RM0.49 (8.9%), RM0.52 (15.6%)
Stop: RM0.425 (-5.6%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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