Dow Jones: 24,893.35 pts (-19.42pts, -0.08%)
U.S. stockmarkets retreated as the Dow fell 0.1% after erasing all its intraday gains on renewed weakness in crude oil prices. The immediate Support is located at 24,000.

FBM KLCI: 1,836.68 pts (+24.23pts, +1.34%)
The FBM KLCI (+1.3%) staged a recovery yesterday, taking cue from the positive sentiment in Wall Street. The immediate support is located at 1,830.

Crude Palm Oil: RM2,485 (+RM15, +0.61%)
Crude palm oil prices advanced on expectation over lower output coupled with higher soybean oil prices. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $61.79 (-$1.60, -2.52%)
Crude oil prices extended its losses for the fourth straight session after U.S. output rose to record high levels. The immediate resistance is located at US$70.

Gold: $1,318.39 (-$5.77, -0.44%)
Gold prices extended its losses after the U.S. Dollar appreciated against a basket of currencies. The immediate support will be pegged around US$1,300.

Economic Releases:
UK - United Kingdom's Bank of England's Interest Rate Decision, 8.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 8.00PM

Bursa Malaysia Trade Statistics - 7 Feb 18
Institutions:  Net BUY 228.2 mln (50.2%)
Retail:  Net SELL 94.9 mln (21.7%)
Foreign:  Net SELL 133.3 mln (28.1%)

Potential Momentum Stocks - 8 Feb 18 
Stock Name: MYNEWS (5275)
Entry: Buy above RM1.60
Target: RM1.75 (9.4%), RM1.80 (12.5%)
Stop: RM1.49 (-6.9%)
Shariah: No
Technical: Monitor for breakout

Stock Name: DRBHCOM (1619)
Entry: Buy above RM2.58
Target: RM2.75 (6.6%), RM2.88 (11.6%)
Stop: RM2.41 (-6.6%)
Shariah: Yes
Technical: Trendline breakout

Source: Bloomberg, M+ Online

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