Dow Jones: 21,173.69 pts (+37.46pts, +0.18%)
Wall Street rebounded as the Dow gained 0.2% ahead of former FBI Director James Comey testimony on Donald Trump presidential campaign. The next resistance is located at 21,500.

FBM KLCI: 1,785.92 pts (-5.09pts, -0.28%)
The FBM KLCI retreated from its three-day winning streak on renewed profit taking activities in selective index heavyweights. The immediate resistance is anticipated at 1,800.

Crude Palm Oil: RM2,455 (-RM44, -1.76%)
Crude palm oil prices closed at 10-month low on rising production. Support is envisaged around RM2,450.

WTI Crude Oil: $45.72 (-$2.47, -5.14%)
Crude oil prices slumped, dragged down by unexpected build-up in U.S. oil inventory levels. The next support is pegged at US$43.

Gold: $1,287.15 (-$7.24, -0.56%)
Gold prices retreated after the U.S. Dollar alongside with its equities advanced. Next resistance will be pegged at around US$1300.

Economic Releases:
JP - Japan's 1Q2017 GDP Growth Rate - 8 Jun 17, 7.50AM
EU - European Central Bank Interest Rate Decision - 8 Jun 17, 7.45PM

Bursa Malaysia Trade Statistics - 7 Jun 17
Institutions:  Net SELL 14.4 mln (58.9%)
Retail:  Net BUY 26.5 mln (17.6%)
Foreign:  Net SELL 12.1 mln (23.5%)

Potential Momentum Stocks - 8 Jun 17 
Stock Name: CHINWEL (5007)
Entry: Buy above RM1.81
Target: RM1.97 (8.8%), RM2.06 (13.8%)
Stop: RM1.74 (-3.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: YSPSAH (7178)
Entry: Buy above RM2.45
Target: RM2.78 (13.5%), RM2.93 (19.6%)
Stop: RM2.26 (-7.8%)
Shariah: Yes
Technical: Consolidation breakout

Source: Bloomberg, M+ Online

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