Dow Jones: 17,576.96 pts (+35.00 pts, +0.20%).
U.S. stockmarkets ended slightly higher as WTI crude oil surged near the US$40 level, energy shares were traded higher. However, on a weekly basis, the Dow ended sharply lower after hitting a fresh 2016 high two weeks ago. Meanwhile, U.S. wholesale inventories fell 0.5% in Feb.

FBM KLCI: 1,718.40 pts (-5.89pts, -0.3%%).
The FBM KLCI is likely to further consolidate over the near term as both the MACD and RSI are suggesting mixed signals. The trading range of the FBM KLCI will be located between the 1,700-1,730 levels.

Crude Palm Oil: RM2,679 (-RM31, -1.14%).
Crude palm oil snapped a four-week rally, after hitting near the RN2,800 level. Traders will be taking cues from the March’s production figures that will be releasing by MPOB today. Still, the resistance will be set around the RM2,800 level.
 
WTI Crude oil: US$39.66 (+US$2.13, 5.68%).
Crude oil prices extended the rebound towards the US$40 per barrel mark as U.S. Oil Rig count fell 8 to 354 ahead of the OPEC meeting.

Gold: US$1240.69 (+US$0.24, +0.02%).
Gold ended nearly unchanged, but it is likely to be forming a flag formation breakout above the 1,250 level. Price may rally towards 1,300.

Economic Releases:
China PPI Y.o.Y – 11Apr16, 9:30AM
China CPI Y.o.Y – 11Apr16, 9:30AM
Malaysia Industrial Production – 11Apr16, 12:00PM

Bursa Malaysia Trade Statistics – 8Apr16
Institutions: Net Sell RM0.5 mln (60.7%)
Retail: Net Sell RM8.8 mln (14.7%)
Foreign: Net Buy RM9.3 mln (24.6%)

Potential Momentum Stocks (11-Apr-2016):

Stock Name: DRBHCOM (1619)
Entry: RM1.09-RM1.11
Target: RM1.14 (4.6%), RM1.18 (8.3%)
Stop: RM1.05 (-3.7%)
Technical: Rebounded off EMA20 with volumes

Stock Name: OCK (0172)
Entry: Buy on the breakout above RM0.81
Target: RM0.84 (3.7%), RM0.88 (8.6%)
Stop: RM0.79 (-2.5%)
Technical: Potential flag formation breakout

Source: Bloomberg, M+ Online

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