Dow Jones: 20,658.02 pts (+1.92pts, +0.01%)
U.S. stockmarkets crept marginally higher, lifted by gains in energy shares as crude oil prices recorded their longest winning streak YTD. The 21,000 will serve as the immediate resistance level.

FBM KLCI: 1,739.52 pts (-2.20pts, -0.13%)
Despite the stronger crude oil prices and firmer Ringgit against the Greenback, the FBM KLCI fell 0.1% yesterday. The immediate support level is located around the 1,730 level.

Crude Palm Oil: RM2,593 (-RM67, -2.52%)
Crude palm oil prices extended its losses to close below the RM2,600 support level on concern over potential high inventory level. The RM2,550 level will serve as the next support level.

WTI Crude Oil: $53.08 (+$0.84, +1.61%)
Crude oil prices recorded its fifth straight session of gains, as Libya's largest oilfield suffered another outage coupled with potential decline in record U.S. inventories. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,254.68 (-$0.27, -0.02%)
Gold prices ended marginally higher on heighten geopolitical risk in Middle East. The US$1,200 will serve as the immediate support level.

Economic Releases:
MY - Malaysia's Industrial Production - 11 Apr 17, 12.00PM
EU - Eurozone's Industrial Production - 11 Apr 17, 5.00PM

Bursa Malaysia Trade Statistics - 10 Apr 17
Institutions:  Net SELL 56.8 mln (57.6%)
Retail:  Net SELL 18.1 mln (24.6%)
Foreign:  Net BUY 74.9 mln (17.8%)

Potential Momentum Stocks - 11 Apr 17 
Stock Name: MENANG (1694)
Entry: Buy above RM0.835
Target: RM0.925 (10.8%), RM1.00 (19.8%)
Stop: RM0.785 (-6.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SAUDEE (5157)
Entry: Buy above RM0.375
Target: RM0.40 (6.7%), RM0.42 (12.0%)
Stop: RM0.36 (-4.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.