Dow Jones: 20,894.83 pts (+89.99pts, +0.43%)
Wall Street started the week on a positive note, as the Dow rose 0.4% on Monday, spurred by gains in defense and technology stocks after U.S. and Saudi Arabia inked a multi-billion dollar arms contract. Upside will be capped around the 21,000 pts.

FBM KLCI: 1,774.95 pts (+6.67pts, +0.38%)
The key-index notched gains for the second consecutive session, following the positive sentiment in the regional stockmarket, ahead of the OPEC's meeting on Thursday. Moving forward, the key-index could linger in-between 1750 to 1780.

Crude Palm Oil: RM2,662 (+RM27, +1.02%)
Crude palm oil gained 1.0%, on the back of a strong demand ahead of the Ramadan festivals and weaker-than-expected palm oil supply. Resistance will be pegged around RM2,723.

WTI Crude Oil: $51.13 (+$0.79, +1.57%)
Crude oil prices rose on Monday, as investors anticipate a deeper cut to production levels by major oil producers, in a bid to curb the oversupply in the crude oil market. Resistance is targeted at US$52.

Gold: $1,260.63 (+$4.56, +0.36%)
Bullion rose 0.4% as political controversies and mixed economic data from the U.S. continued to weigh on market sentiments. Resistance is envisaged at US$1290.

Economic Releases:
JP - Japan Balance of Trade - 23 May 17, 7.50AM

Bursa Malaysia Trade Statistics - 22 May 17
Institutions:  Net BUY 25.2 mln (57.1%)
Retail:  Net SELL 13.7 mln (26.1%)
Foreign:  Net SELL 11.5 mln (16.8%)

Potential Momentum Stocks - 23 May 17 
Stock Name: D&O (7204)
Entry: Buy above RM0.675
Target: RM0.735 (8.9%), RM0.80 (18.5%)
Stop: RM0.635 (-5.9%)
Shariah: Yes
Technical: Breakout momentum trade

Stock Name: SCABLE (5170)
Entry: Buy above RM1.15
Target: RM1.22 (6.1%), RM1.26 (9.6%)
Stop: RM1.09 (-5.2%)
Shariah: Yes
Technical: Breakout momentum trade

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.