Dow Jones: 25,191.43 pts (-125.98pts, -0.50%)
U.S. stockmarkets extended their losses overnight as the Dow slipped 0.5%, dragged down by the gloomy earnings outlook from Caterpillar and 3M, coupled with worries over geopolitical and trade tensions. The immediate resistance is located at 25,500.

FBM KLCI: 1,697.60 pts (-24.87pts, -1.44%)
The FBM KLCI (-1.4%) endured another round of selloff yesterday in tandem with the weakness across regional peers. The immediate support is located at 1,670.

Crude Palm Oil: RM2,218 (-RM19, -0.85%)
Crude palm oil prices formed a bearish engulfing candle, in line with the weakness in soybean oil prices. The immediate support is located around RM2,200.

WTI Crude Oil: $66.43 (-$2.74, -3.95%)
Crude oil prices took a beating after Saudi Arabia pledged to boost its supply to meet any shortages. The immediate support is located at US$64.

Gold: $1,230.30 (+$8.20, +0.67%)
Gold prices advanced as buying interest shifted to safe haven assets. The immediate resistance is located around $1,250.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
US - United States' New Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 23 Oct 18
Institutions:  Net BUY 114.6 mln (54.4%)
Retail:  Net BUY 24.1 mln (22.6%)
Foreign:  Net SELL 138.7 mln (23.0%)

Potential Momentum Stocks - 24 Oct 18
Stock Name: ECONBHD (5253)
Entry: Buy above RM0.705
Target: RM0.78 (10.6%), RM0.85 (20.6%)
Stop: RM0.65 (-7.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: TONGHER (5010)
Entry: Buy above RM4.08
Target: RM4.28 (4.9%), RM4.48 (9.8%)
Stop: RM3.93 (-3.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.