Dow Jones: 23,930.15 pts (+5.17pts, +0.02%)
U.S. stockmarkets ended on a mixed note overnight as the Dow managed to recover all its intraday losses after enduring a volatile trading session. The immediate resistance is located at 25,000.

FBM KLCI: 1,851.80 pts (-0.23pts, -0.01%)
The FBM KLCI (-0.01%) ended marginally lower yesterday, dragged down by the eleventh hour selling pressure in selected index heavyweights. The immediate support is located at 1,830.

Crude Palm Oil: RM2,332 (-RM31, -1.31%)
Crude palm oil prices sank to 21-month low amid the seasonal production recovery coupled with expectation over lower demand from the resumption of export tax in May 2018. The immediate support is envisaged around RM2,300.

WTI Crude Oil: $68.43 (+$0.50, +0.74%)
Crude oil prices extended its gains amid the escalating tension on Iran nuclear deal.  The immediate resistance is located at US$70.

Gold: $1,312.06 (+$7.10, +0.54%)
Gold prices extended its gains on rising geopolitical uncertainty in the Middle East. The immediate resistance will be pegged around US$1,360.

Economic Releases:
EU - Eurozone's Retail Sales, 5.00PM
US - United States' Unemployment Rate, 8.30PM

Bursa Malaysia Trade Statistics - 3 May 18
Institutions:  Net BUY 134.8 mln (55.7%)
Retail:  Net SELL 20.6 mln (15.0%)
Foreign:  Net SELL 114.2 mln (29.3%)

Potential Momentum Stocks - 4 May 18 
Stock Name: ECONBHD (5253)
Entry: Buy above RM1.06
Target: RM1.18 (11.3%), RM1.25 (17.9%)
Stop: RM1.00 (-5.7%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: BAUTO (5248)
Entry: Buy above RM2.25
Target: RM2.40 (6.7%), RM2.47 (9.8%)
Stop: RM2.17 (-3.6%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.