Dow Jones: 17,920.33 pts (+113.27pts, +0.64%)
Following the consolidation of the Dow over the past week near the EMA20 level, the key index ended higher as Dollar hit the 3-week low, coupled with Janet Yellen reiterating that the interest rates hike will be on a gradual pace once the economy improves.

FBM KLCI: 1,648.99 pts (+12.53pts, +0.77%)
The FBM KLCI may further rebound towards the technical rebound target near the 1,650-1,660 levels on the back of the strong performance on the overnight Dow. Support will be set around 1,630.

Crude Palm Oil: RM2,660 (-RM6, -0.23%)
After recovering above the RM2,500 level, crude palm oil prices have surged towards the trendline of RM2,670. CPO may extend its rally after a short consolidation.

WTI Crude Oil: $49.69 (+$1.07, +2.20%)
WTI Crude oil staged a breakout and closed at the 10-month high amid signs that the supply glut is contracting more quickly than anticipated. 

Gold: $1,245.34 (+$1.14, +0.09%)
Gold prices trended higher for the second consecutive day as traders were speculating that the Fed may delay the rate hike move.

Economic Releases:
US - MBA US Mortgage Market Index - 8 Jun 16, 7:00PM

Bursa Malaysia Trade Statistics - 06 Jun 16
Institutions:  Net BUY 51.0 mln (57.3%)
Retail:  Net SELL 22.5 mln (17.1%)
Foreign:  Net SELL 28.5 mln (25.6%)

Potential Momentum Stocks - 07 Jun 16 
Stock Name: WZSATU (7245)
Entry: Buy above RM1.12
Target: RM1.20 (7.1%), RM1.28 (14.3%)
Stop: RM1.08 (-3.6%)
Technical: Bullish candle, volumes increased

Stock Name: KEINHIN (7199)
Entry: Buy above RM1.06
Target: RM1.28 (20.8%), RM1.42 (34.0%)
Stop: RM1.00 (-5.7%)
Technical: Breakout above RM1.00

Source: Bloomberg, M+ Online

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