Dow Jones: 23,400.86 pts (+71.40pts, +0.31%)
U.S. stockmarkets rebounded overnight as the Dow gained 0.3% after the White House passed the budget resolution that could speed up the process of tax reformation. The immediate resistance is located at 23,500.

FBM KLCI: 1,736.80 pts (-2.25pts, -0.13%)
The FBM KLCI (-0.1%) retreated as foreign outflow persisted for the eleventh straight session. The immediate support is located at 1,730.

Crude Palm Oil: RM2,813 (+RM8, +0.29%)
Crude palm oil prices advanced on optimism over India's demand. The immediate resistance is envisaged around RM2,850.

WTI Crude Oil: $52.64 (+$0.46, +0.88%)
Crude oil prices advanced on support over OPEC's extension of production cut. The immediate resistance is located at US$55.

Gold: $1,266.99 (-$10.54, -0.83%)
Gold prices formed a bearish engulfing candle to close at 3-weeks low after the U.S. Dollar advanced against a basket of currencies. The immediate support will be pegged around US$1,250.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
US - United States' Michigan Consumer Sentiment, 10.00PM

Bursa Malaysia Trade Statistics - 26 Oct 17
Institutions:  Net BUY 30.2 mln (52.2%)
Retail:  Net BUY 2.9 mln (20.2%)
Foreign:  Net SELL 33.1 mln (27.6%)

Potential Momentum Stocks - 27 Oct 17 
Stock Name: LIONIND (4235)
Entry: Buy above RM1.38
Target: RM1.48 (7.2%), RM1.60 (15.9%)
Stop: RM1.31 (-5.1%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: SAMCHEM (5147)
Entry: Buy above RM0.965
Target: RM1.01 (4.7%), RM1.06 (9.8%)
Stop: RM0.945 (-2.1%)
Shariah: No
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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