Dow Jones: 24,262.51 pts (+332.36pts, +1.39%)
U.S. stockmarkets staged a strong rally on last Friday as the Dow jumped 1.4%, boosted by the solid unemployment data. The immediate resistance is located at 25,000.

FBM KLCI: 1,841.83 pts (-9.97pts, -0.54%)
The FBM KLCI (-0.5%) recorded its third consecutive session of decline, dragged down by selling pressure in selective banking heavyweights on last Friday. The immediate support is located at 1,830.

Crude Palm Oil: RM2,340 (+RM8, +0.34%)
Crude palm oil prices advanced on expectation over lower inventory level. The immediate support is envisaged around RM2,300.

WTI Crude Oil: $69.72 (+$1.29, +1.89%)
Crude oil prices trended higher for the third straight session, pending U.S. decision on Iran.  The immediate resistance is located at US$70.

Gold: $1,314.50 (+$2.44, +0.19%)
Gold prices rose amid the solid unemployment data in U.S. The immediate resistance will be pegged around US$1,360.

Economic Releases:
JP - Japan's Bank of Japan Interest Rate Decision, 4.00PM

Bursa Malaysia Trade Statistics - 4 May 18
Institutions:  Net BUY 310.9 mln (57.7%)
Retail:  Net SELL 29.3 mln (15.3%)
Foreign:  Net SELL 281.6 mln (27.0%)

Potential Momentum Stocks - 7 May 18 
Stock Name: SUNCON (5263)
Entry: Buy above RM2.26
Target: RM2.43 (7.5%), RM2.64 (16.8%)
Stop: RM2.12 (-6.2%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: MUHIBAH (5703)
Entry: Buy above RM2.99
Target: RM3.19 (6.7%), RM3.35 (12.0%)
Stop: RM2.84 (-5.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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