Dow Jones: 18,516.55 pts (+10.14pts, +0.05%)
U.S. stockmarkets has trended higher last week, but the S&P 500 took a mild pause as corporate earnings projected to drop for a fifth quarter.

FBM KLCI: 1,668.40 pts (+13.62pts, +0.82%)
The FBM KLCI has broken out of the recent sideways consolidation phase, upside target will be pegged around 1,680.  

Crude Palm Oil: RM2,261 (+RM26, +1.16%)
Crude palm oil has recovered above the RM2,200 level on a technical rebound formation, expect the upside to be capped around RM2,300.

WTI Crude Oil: $45.95 (+$0.27, +0.59%)
WTI crude oil trended sideways between the US$44-US$46 level over the past week. Next support will be set around US$40.

Gold: $1,337.45 (+$2.22, +0.17%)
Gold stayed sideways after a good rally in global equities, upside will be limited around US$1,350.

Bursa Malaysia Trade Statistics - 15 Jul 16
Institutions:  Net SELL 213.4 mln (56.1%)
Retail:  Net SELL 35.6 mln (15.3%)
Foreign:  Net BUY 249.0 mln (28.6%)

Potential Momentum Stocks - 18 Jul 16 
Stock Name: ARANK (7214)
Entry: Buy above RM0.84
Target: RM0.90 (7.1%), RM0.95 (13.1%)
Stop: RM0.82 (-2.4%)
Technical: Flag breakout

Stock Name: EMETALL (7217)
Entry: Buy above RM0.82
Target: RM0.92 (12.2%), RM1.00 (22.0%)
Stop: RM0.795 (-3.0%)
Technical: Flag breakout

Source: Bloomberg, M+ Online

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