Dow Jones: 17,721.25 pts (+164.84 pts, +0.94%).
Wall Street traded higher ahead of the earnings season helped by the recovery of the WTI crude oil prices as it surpassed the US$42 per barrel mark after a marking a strong gapped-up position above the US$40 level on Monday.
 
FBM KLCI: 1,715.00 pts (-0.28 pts, -0.02%).
Tracking the positive sentiments from the overseas markets, the FBM KLCI could see buying interest flowing in today. It may retest the immediate resistance near the 1,725-1,730 levels amid a stronger rebound on the crude oil prices.

Crude Palm Oil: RM2,639 (-RM28, -1.05%).
Palm oil prices continues to fall below the RM2,700 level as March output was higher-than-forecasted, Further support will be located around the RM2,600 level.

WTI Crude oil: US$40.36 (+US$0.64, +1.61%).
WTI crude oil prices extending its rebound to a four-month high as Russia and Saudi Arabia may reach a common ground to a potential production freeze. However, the OPEC meeting will be held on 17th of April.

Gold: US$1255.63 (-US$2.25, -0.18%)
After surging towards the three-week high on the back of the view that the Fed may not increase the interest rates over the near term, gold prices pulled back mildly. Price may resume its short term uptrend towards 1,300.

Economic Releases:
China Import Trade USD Y.o.Y – 13 Apr 16
China Export Trade USD Y.o.Y – 13 Apr 16
Eurostat Industrial Production Eurozone Industry Ex Construction Y.o.Y – 13 Apr 16, 5:00PM
Eurostat Industrial Production Eurozone Industry Ex Construction M.o.M – 13 Apr 16, 5:00PM
US Manufacturing & Trade Inventories Total M.o.M – 13 Apr 16, 10:00PM

Bursa Malaysia Trade Statistics – 12 Apr 16
Institutions: Net Buy RM14.0 mln (56.9%)
Retail: Net Sell RM35.6 mln (19.3%)
Foreign: Net Buy RM21.6 mln (23.8%)

Potential Momentum Stocks (13-Apr-2016):

Stock Name: HIAPTEK (5072)
Entry: Buy above RM0.34
Target: RM0.39 (13.0%), RM0.46 (33.3%)
Stop: RM0.325 (-5.8%)
Technical: Flag formation breakout

Stock Name: DELEUM (5132)
Entry: Buy above RM1.20
Target: RM1.28 (5.8%), RM1.36 (12.4%)
Stop: RM1.16 (-4.1%)
Technical: Sideways consolidation

Source: Bloomberg, M+ Online

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