Dow Jones: 17,737.00 pts (-55.75 pts, -0.31%).
Weaker WTI crude oil prices, which retreated below the US$40 level send the U.S. stockmarkets lower and the Dow fell from its highest level (17,811.48 pts) this year. Meanwhile, Virgin America Inc. jumped 42% after Alaska Air Group Inc. agreed to acquire the carrier for US$2.6bln.

FBM KLCI: 1,725.24 pts (+14.69 pts, +0.9%).
With the extended consolidation phase on the WTI crude oil prices, selling pressure could resumed among the oil and gas heavyweights. However, based on the positive momentum on the FBM KLCI, it is likely to retest the immediate resistance of 1,730. Meanwhile, the support will be set around 1,700.

Crude Palm Oil: RM2,773 (+RM25, +0.91%).
CPO is trading within the positive zone after rebounding off the daily EMA9 level. Also, the uptrend movement is intact for CPO as the EMA9 is above EMA20 level.
 
WTI Crude oil: US$35.46 (-US$1.17, -3.19%).
Once again, WTI crude oil ended lower as investors stayed pessimistic on the outlook that a global agreement to freeze output to January levels would be reached in the OPEC meeting, which will be held on the 17th of April.

Gold: US$1215.43 (-US$7.17, -0.59%).
Gold continues to fall as U.S. jobs and manufacturing data added to speculation that growth in the world’s largest economy is gaining momentum, investors may be moving away from this safe haven investment instrument.

Economic Releases:
Markit Eurozone Services PMI – 5Apr16, 4:00PM
Markit Eurozone Composite PMI – 5Apr16, 4:00PM
US Trade Balance of Goods and Services – 5Apr16, 8:30PM
ISM Non-Manufacturing - 5Apr16, 10:00PM

Potential Momentum Stocks (05-Apr-2016):

Stock Name: AZRB (7078)
Entry: RM0.73
Target: RM0.78 (6.8%), RM0.80 (9.6%)
Stop: RM0.70 (-4.1%)
Technical: Rebounded off EMA9, uptrend may continue
 
Stock Name: MEDIAC (5090)
Entry: RM0.73
Target: RM0.82 (12.3%), RM0.92 (26.0%)
Stop: RM0.70 (-4.1%)
Technical: Uptrend intact, monitor for short-term breakout

Source: M+ Online

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