Dow Jones: 22,775.39 pts (+113.75pts, +0.50%)
U.S. stockmarkets continue to ascend overnight as the Dow (+0.5%) recorded its seventh straight session of gains, spurred by a barrage of positive economic data from lower unemployment claims, declining trade balance deficit and strong factory orders. The immediate resistance is located at 22,800.

FBM KLCI: 1,759.09 pts (-2.75pts, -0.16%)
Profit taking in selective index heavyweight sent the FBM KLCI (-0.2%) to erase all its previous session gains yesterday. The immediate support is located at 1,750.

Crude Palm Oil: RM2,720 (+RM5, +0.18%)
Crude palm oil prices advance, owing to the robust export demand in September. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $50.79 (+$0.81, +1.62%)
Crude oil prices halted a four straight session of decline after Saudi Arabia and Russia maintain their output caps in order to curb the oversupply glut. The immediate resistance is located at US$52.

Gold: $1,268.22 (-$6.63, -0.52%)
Gold prices retreated as the firm U.S. economic data powered the U.S. Dollar to two-months high against a basket of currencies. The immediate support will be pegged around US$1,250.

Economic Releases:
US - United States' Unemployment Rate, 8.30PM

Bursa Malaysia Trade Statistics - 5 Oct 17
Institutions:  Net BUY 35.3 mln (59.3%)
Retail:  Net SELL 12.3 mln (25.8%)
Foreign:  Net SELL 23.0 mln (14.9%)

Potential Momentum Stocks - 6 Oct 17 
Stock Name: MUHIBAH (5703)
Entry: Buy above RM2.79
Target: RM2.90 (3.9%), RM2.97 (6.5%)
Stop: RM2.72 (-2.5%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: FPI (7203)
Entry: Buy above RM1.29
Target: RM1.35 (4.7%), RM1.40 (8.5%)
Stop: RM1.23 (-4.7%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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