Dow Jones: 17,640.17 pts (-34.65pts, -0.20%)
Wall Street pared earlier gains, marking a five consecutive days of losses as the Fed kept the interest rates unchanged in June meeting.

FBM KLCI: 1,627.96 pts (+1.85pts, +0.11%)
The FBM KLCI rebounded above the 1,620 level, snapping a five-day losing streak. As the MACD Line is still hovering below zero, the FBM KLCI may trend sideways over the near term.

Crude Palm Oil: RM2,460 (-RM9, -0.36%)
CPO dropped below the four-month low as selling momentum intensified. Meanwhile, Malaysia July crude palm oil export tax will be raised to 6%.

WTI Crude Oil: $48.01 (-$0.44, -0.90%)
Crude oil prices entered into a retracement phase after violating below the EMA20 level. Next support will be set around US$46.

Gold: $1,291.75 (+$5.13, +0.40%)
Gold extended its upward momentum, trading nearer towards the resistance of the US$1,300 level as Federal Reserve kept the interest rates unchanged.

Economic Releases:
US - US Initial Jobless Claims - 16 Jun 16, 8:30PM

Bursa Malaysia Trade Statistics - 15 Jun 16
Institutions:  Net BUY 169.4 mln (58.2%)
Retail:  Net BUY 14.6 mln (16.2%)
Foreign:  Net SELL 184.0 mln (25.6%)

Potential Momentum Stocks - 16 Jun 16 
Stock Name: IWCITY (1589)
Entry: Buy around RM0.975
Target: RM1.09 (11.8%), RM1.14 (16.9%)
Stop: RM0.96 (-1.5%)
Technical: Sideways breakout

Stock Name: MELEWAR (3778)
Entry: Buy above RM0.37
Target: RM0.40 (8.1%), RM0.43 (16.2%)
Stop: RM0.355 (-4.1%)
Technical: Flag breakout

Source: Bloomberg, M+ Online

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