Dow Jones: 23,516.26 pts (+81.25pts, +0.35%)
U.S. stockmarkets extended their gains overnight as the Dow added 0.4% as investors digested the details of the Republican tax reformation plan. The immediate resistance is located at 23,750.

FBM KLCI: 1,741.05 pts (-2.88pts, -0.17%)
Selling pressure in Petronas-related companies sent the FBM KLCI (-0.2%) lower for the third straight session yesterday. The immediate support is located at 1,730.

Crude Palm Oil: RM2,821 (-RM16, -0.56%)
Crude palm oil prices formed a bearish engulfing candle ahead of the industry conference in Bali. The immediate resistance is envisaged around RM2,850.

WTI Crude Oil: $54.54 (+$0.24, +0.44%)
Crude oil prices rebounded after Saudi Arabia and Iraq whom both accounted to more than half of OPEC's production pledged their support to extend production cut beyond March 2018. The immediate resistance is located at US$55.

Gold: $1,276.13 (+$1.47, +0.12%)
Gold prices crept higher after Jerome Powell, whom is supportive of gradual tightening in monetary policy is favoured by U.S. President Donald Trump to take charge as the next Federal Reserve. The immediate support will be pegged around US$1,250.

Economic Releases:
CN - China's Caixin Composite PMI, 9.45AM
CN - China's Caixin Services PMI, 9.45AM
US - United States' Unemployment Rate, 8.30PM
US - United States' Markit Services PMI, 9.45PM
US - United States' Factory Orders, 10.00PM
US - United States' ISM Non-Manufacrturing PMI, 10.00PM
US - United States' Markit Composite PMI, 10.45PM

Bursa Malaysia Trade Statistics - 2 Nov 17
Institutions:  Net BUY 56.2 mln (54.2%)
Retail:  Net BUY 16.1 mln (26.0%)
Foreign:  Net SELL 72.3 mln (19.8%)

Potential Momentum Stocks - 3 Nov 17 
Stock Name: CAB (7174)
Entry: Buy above RM1.030
Target: RM1.100 (6.8%), RM1.150 (11.7%)
Stop: RM0.985 (-4.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SALUTE (0183)
Entry: Buy above RM1.490
Target: RM1.630 (9.4%), RM1.690 (13.4%)
Stop: RM1.400 (-6.0%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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