Dow Jones: 20,651.30 pts (-6.72pts, -0.03%)
U.S. stockmarkets edged marginally lower as the Dow fell 0.03% overnight on concern over geopolitical tension in the Middle East. The 21,000 will serve as the immediate resistance level.

FBM KLCI: 1,735.84 pts (-3.68pts, -0.21%)
After being traded mostly I the negative territory, the FBM KLCI extended its losses by 0.2%  yesterday. The immediate support level is located around the 1,730 level.

Crude Palm Oil: RM2,612 (+RM19, +0.73%)
Crude palm oil prices staged a mild recovery from its six-month low level on optimism over higher demand from the Ramadan festive period. The RM2,550 level will serve as the immediate support level.

WTI Crude Oil: $53.40 (+$0.32, +0.60%)
Crude oil prices extended its gains as Saudi Arabia [pledged its support to extend cut in production output. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,274.86 (+$19.65, +1.57%)
Gold prices extended its gains on increasing demand over safe haven assets amid the rising geopolitical tension in Middle East. The US$1,200 will serve as the immediate support level.

Economic Releases:
CN - China's Inflation Rate - 12 Apr 17, 9.30AM

Bursa Malaysia Trade Statistics - 11 Apr 17
Institutions:  Net SELL 37.3 mln (61.6%)
Retail:  Net SELL 25.9 mln (23.0%)
Foreign:  Net BUY 63.2 mln (15.4%)

Potential Momentum Stocks - 12 Apr 17 
Stock Name: DELEUM (5132)
Entry: Buy above RM1.08
Target: RM1.16 (7.4%), RM1.22 (13.0%)
Stop: RM1.01 (-6.5%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GADANG (9261)
Entry: Buy above RM1.32
Target: RM1.40 (6.1%), RM1.50 (13.6%)
Stop: RM1.28 (-3.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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