Dow Jones: 20,981.94 pts (+85.33pts, +0.41%)
U.S equities closed at fresh record highs, fuelled by the rally in oil prices, as well as technology stocks, following the massive cyberattack by a ransomware dubbed 'WannaCry'. Next psychological resistance is located around the 21,200 pts.

FBM KLCI: 1,778.65 pts (+2.78pts, +0.16%)
Despite trading in the red for the most part of the day, the key-index finished slightly above 1,778.0 pts on last-minute buying support in selected heavyweights. The blue-chip gauge may trade between 1750 to 1780.

Crude Palm Oil: RM2,609 (+RM30, +1.16%)
Crude palm oil prices continued its upward momentum, after lingering below the RM2,500 support level in April - led by anticipation of stronger demands, ahead of the Ramadan celebrations. Next resistance is located at RM2,900.

WTI Crude Oil: $48.85 (+$1.01, +2.11%)
Crude oil extended its gains for the fourth consecutive day, after Russian and Saudi energy ministers agreed to extend a production cut until March next year. Further resistance will be pegged around US$50.

Gold: $1,230.82 (+$2.39, +0.19%)
Gold rallied on Monday, spurred by fresh worries on geopolitical risks concerning North Korea, coupled with stronger demand for bullion from China and India. Near-term resistance is envisaged around US$1242.

Bursa Malaysia Trade Statistics - 15 May 17
Institutions:  Net SELL 138.9 mln (58.7%)
Retail:  Net SELL 8.1 mln (26.0%)
Foreign:  Net BUY 147.0 mln (15.3%)

Potential Momentum Stocks - 16 May 17 
Stock Name: OCK (0172)
Entry: Buy above RM0.96
Target: RM1.00 (4.2%), RM1.05 (9.4%)
Stop: RM0.93 (-3.1%)
Shariah: Yes
Technical: Breakout momentum trade

Stock Name: KRONO (0176)
Entry: Buy above RM0.56
Target: RM0.60 (7.1%), RM0.63 (12.5%)
Stop: RM0.515 (-8.0%)
Shariah: Yes
Technical: Breakout momentum trade

Source: Bloomberg, M+ Online

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