Dow Jones: 25,598.74 pts (-831.83pts, -3.15%)
U.S. stockmarkets nose-dived overnight with the Dow (-3.2%) endured its biggest slump since February 2018 on fresh concern over future economic growth due to trade dispute with China. The immediate support is located at 25,200.

FBM KLCI: 1,735.18 pts (-38.97pts, -2.20%)
The FBM KLCI took a beating yesterday as investors reacted negatively to the news on possibility of new tax implementation and assets disposals in upcoming Budget 2019. The immediate support is located at 1,730.

Crude Palm Oil: RM2,193 (-RM12, -0.54%)
Crude palm oil retreated after the Ringgit gained momentum against the Greenback. The immediate resistance is located around RM2,250.

WTI Crude Oil: $73.17 (-$1.79, -2.37%)
Crude oil prices slumped on concern over demand amid the escalating trade tension between U.S. and China. The immediate support is located at US$70.

Gold: $1,194.79 (+$5.02, +0.42%)
Gold prices extended its gains on improved demand for safe haven assets. The immediate resistance is located around $1,200.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's Industrial Production, 11.00AM
US - United States' Inflation Rate, 8.30PM

Bursa Malaysia Trade Statistics - 10 Oct 18
Institutions:  Net SELL 9.7 mln (49.4%)
Retail:  Net BUY 207.5 mln (25.3%)
Foreign:  Net SELL 197.8 mln (25.3%)

Potential Momentum Stocks - 11 Oct 18 
Stock Name: BURSA (1818)
Entry: Buy above RM7.75
Target: RM7.94 (2.5%), RM8.04 (3.7%)
Stop: RM7.57 (-2.3%)
Shariah: No
Technical: Monitor for breakout

Stock Name: LEESK (8079)
Entry: Buy above RM0.975
Target: RM1.04 (6.7%), RM1.09 (11.8%)
Stop: RM0.92 (-5.6%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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