Dow Jones: 17,732.48 pts (-132.86pts, -0.74%)
U.S. stockmarkets declined as investors were cautious ahead of the FOMC meeting that will be held on 14-15 June. Meanwhile, VIX index broken out of the recent trading range and surged to a three-month high at 20.97.

FBM KLCI: 1,629.77 pts (-11.45pts, -0.70%)
The FBM KLCI fell in tandem with the negative global market sentiments, while regional indices like Nikkei 225 and Hang Seng dived 3.5% and 2.5% respectively. Next support for the FBM KLCI will be set around 1,610. 

Crude Palm Oil: RM2,528 (-RM52, -2.02%)
Palm oil prices extended its sixth straight losses after the price plunged below the RM2,600 psychological support. CPO may revisit the next support of RM2,500.

WTI Crude Oil: $48.88 (-$0.19, -0.38%)
Another down day for WTI crude oil amid stronger dollar, coupled with the concerns over Brexit vote.

Gold: $1,283.86 (+$9.62, +0.75%)
Gold increased to the highest in four weeks as traders focused on Brexit. Based on the momentum, price may retest the US$1,300 level over the near term.

Economic Releases:
Eurozone - Eurostat Industrial Production - 14 Jun 16, 5:00PM
US - US Import Price Index - 14 Jun 16, 8:30PM
US - US Manufacturing & Trade Inventories - 14 Jun 16, 10:00PM

Bursa Malaysia Trade Statistics - 13 Jun 16
Institutions:  Net BUY 158.8 mln (54.8%)
Retail:  Net BUY 68.6 mln (20.6%)
Foreign:  Net SELL 227.4 mln (24.6%)

Potential Momentum Stocks - 14 Jun 16 
Stock Name: CRESBLD (8591)
Entry: Buy above RM0.97
Target: RM1.06 (9.3%), RM1.10 (13.4%)
Stop: RM0.95 (-2.1%)
Technical: Pennant breakout

Stock Name: ARANK (7214)
Entry: Buy above RM0.825
Target: RM0.88 (6.7%), RM0.92 (11.5%)
Stop: RM0.795 (-3.6%)
Technical: Rebounded off EMA9

Source: Bloomberg, M+ Online

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