Dow Jones: 21,144.18 pts (+135.53pts, +0.65%)
U.S. stockmarkets advanced to close at record high levels, boosted by the positive economic data as banking stocks rallied. The next resistance is located at 21,500.

FBM KLCI: 1,763.11 pts (-2.76pts, -0.16%)
The FBM KLCI underperformed its regional peers to close at 1 month low level. The key-index is likely to remain rangebound between 1760 to 1780. 

Crude Palm Oil: RM2,513 (+RM14, +0.56%)
Crude palm oil prices halted a streak of four sessions of losses 0.2% on lower Indonesia stockpiles. Support is envisaged around RM2,450.

WTI Crude Oil: $48.36 (+$0.04, +0.08%)
Crude oil prices closed marginally higher as its intraday gains were curbed by the increase in production output. Oil prices might trend in-between US$47 to US$50.

Gold: $1,265.96 (-$2.96, -0.23%)
Gold prices trended lower after the strong U.S. economic data curbs demand for safe haven assets. Next resistance will be pegged around US$1300.

Economic Releases:
EU - Eurozone Producer's Price Index - 2 Jun 17, 5.00PM
US - United States Unemployment Rate - 2 Jun 17, 8.30PM

Bursa Malaysia Trade Statistics - 1 Jun 17
Institutions:  Net SELL 103.2 mln (53.6%)
Retail:  Net BUY 0.1 mln (18.5%)
Foreign:  Net BUY 103.1 mln (27.9%)

Potential Momentum Stocks - 2 Jun 17 
Stock Name: MIECO (5001)
Entry: Buy above RM2.22
Target: RM2.42 (9.0%), RM2.67 (20.3%)
Stop: RM2.07 (-6.8%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Stock Name: MBSB (1171)
Entry: Buy above RM1.36
Target: RM1.45 (6.6%), RM1.53 (12.5%)
Stop: RM1.27 (-6.6%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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