Dow Jones: 24,345.75 pts (-1175.21pts, -4.60%)
U.S. stockmarkets endured a massive selloff overnight as the Dow plunged 4.6% as the concern over the rising inflation data continues to dampen sentiment. The immediate Support is located at 24,000.

FBM KLCI: 1,853.07 pts (-17.41pts, -0.93%)
The FBM KLCI (-0.9%) closed sharply lower yesterday alongside with Asian stockmarkets, spooked by the selloff in Wall Street in the previous session. The immediate support is located at 1,850.

Crude Palm Oil: RM2,489 (+RM22, +0.89%)
Crude palm oil prices rebounded after the U.S. Dollar appreciated against the Ringgit. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $64.15 (-$1.30, -1.97%)
Crude oil prices extended its losses on expectation over the higher inventory level. The immediate resistance is located at US$70.

Gold: $1,339.67 (+$6.28, +0.47%)
Gold prices rebounded as demand for safe haven assets perks up. The immediate support will be pegged around US$1,300.

Bursa Malaysia Trade Statistics - 5 Feb 18
Institutions:  Net BUY 215.1 mln (53.7%)
Retail:  Net BUY 46.9 mln (20.6%)
Foreign:  Net SELL 262.0 mln (25.7%)

Potential Momentum Stocks - 6 Feb 18 
Stock Name: DUFU (7233)
Entry: Buy above RM1.20
Target: RM1.31 (9.2%), RM1.37 (14.2%)
Stop: RM1.12 (-6.7%)
Shariah: No
Technical: Bullish engulfing candle

Stock Name: ECONBHD (5253)
Entry: Buy above RM1.24
Target: RM1.31 (5.6%), RM1.41 (13.7%)
Stop: RM1.19 (-4.0%)
Shariah: Yes
Technical: Hammer candle

Source: Bloomberg, M+ Online

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