Dow Jones: 21,184.04 pts (-22.25pts, -0.10%)
U.S. stockmarkets retreated from their record high levels on concern over geopolitical risk in Europe and the Middle East. The next resistance is located at 21,500.

FBM KLCI: 1,787.95 pts (+11.00pts, +0.62%)
The FBM KLCI rallied to a fresh record closing in two years on strong export data in April 2017. The next resistance is anticipated at 1,800.

Crude Palm Oil: RM2,499 (+RM2, +0.08%)
Crude palm oil prices ended marginally higher as gains were capped by the firm Ringgit against the Greenback. Support is envisaged around RM2,450.

WTI Crude Oil: $47.40 (-$0.26, -0.55%)
Crude oil prices reversed all its intraday gains ahead of the U.S. stockpiles data release. Oil prices might trend in-between US$47 to US$50.

Gold: $1,279.80 (+$0.63, +0.05%)
Gold prices extended its gains as the U.S. Dollar continues to lose ground against a basket of currencies. Next resistance will be pegged around US$1300.

Economic Releases:
EU - Eurozone's Retail Sales - 6 Jun 17, 5.00PM

Bursa Malaysia Trade Statistics - 5 Jun 17
Institutions:  Net SELL 139.4 mln (62.6%)
Retail:  Net SELL 49.9 mln (19.0%)
Foreign:  Net BUY 189.3 mln (18.4%)

Potential Momentum Stocks - 6 Jun 17 
Stock Name: CENTURY (7117)
Entry: Buy above RM1.32
Target: RM1.45 (9.8%), RM1.50 (13.6%)
Stop: RM1.22 (-7.6%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: SUPERLN (7235)
Entry: Buy above RM1.85
Target: RM2.00 (8.1%), RM2.10 (13.5%)
Stop: RM1.70 (-8.1%)
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.