Dow Jones: 21,235.67 pts (-36.30pts, -0.17%)
U.S. stockmarkets extended their losses as the Dow fell 0.2% on weakness in technology stocks whilst the Nasdaq (-0.5%) marks its worst day since September 2016. The next resistance is located at 21,500.

FBM KLCI: 1,788.89 pts (+3.32pts, +0.19%)
The FBM KLCI chalked in 0.2% gain to close 0.7% W.o.W, backed by gains in selective banking heavyweights. The immediate resistance is anticipated at 1,800.

Crude Palm Oil: RM2,457 (+RM13, +0.53%)
Crude palm oil prices staged a mild recovery but closed lower for the fourth straight week. Support is envisaged around RM2,450.

WTI Crude Oil: $46.08 (+$0.25, +0.55%)
Crude oil prices rebounded after Saudi Arabia announced for a deeper production cut in July. The next support is pegged at US$43.

Gold: $1,266.18 (-$0.58, -0.05%)
Gold prices extended its losses for the fourth straight session on anticipation of interest rate hike by the U.S. Federal Reserve latter this week. Next resistance will be pegged around US$1300.

Economic Releases:
UK - United Kingdom's Inflation Rate - 13 Jun 17, 4.30PM
US - United States' Producer Price Index - 13 Jun 17, 8.30PM

Bursa Malaysia Trade Statistics - 9Jun17
Institutions:  Net BUY 31.5 mln (58.2%)
Retail:  Net SELL 10.4 mln (20.1%)
Foreign:  Net SELL 21.1 mln (23.1%)

Potential Momentum Stocks - 13 Jun 17 
Stock Name: WASEONG (5142)
Entry: Buy above RM0.965
Target: RM1.06 (9.8%), RM1.14 (18.1%)
Stop: RM0.925 (-4.1%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: GADANG (9261)
Entry: Buy above RM1.30
Target: RM1.40 (7.7%), RM1.50 (15.4%)
Stop: RM1.24 (-4.6%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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