Dow Jones: 21,359.90 pts (-14.66pts, -0.07%)
U.S. stockmarkets edged lower as the Dow fell 0.1% overnight on weakness in technology and energy shares. The next resistance is located at 21,500.

FBM KLCI: 1,790.01 pts (-2.34pts, -0.13%)
The FBM KLCI edged lower yesterday as the weakness in the eleventh trading hour took precedence. The immediate resistance is anticipated at 1,800.

Crude Palm Oil: RM2,449 (+RM30, +1.24%)
Crude palm oil prices extended its gains on concern over supply constraints over the near term amid closure of mills for the festive holidays. Support is envisaged around RM2,400.

WTI Crude Oil: $44.46 (-$0.27, -0.60%)
Crude oil prices extended its losses as concern over the oversupply glut persisted. The immediate support is pegged at US$43.

Gold: $1,253.98 (-$6.88, -0.55%)
Gold prices closed lower weighed down by the firmer US Dollar against a basket of currencies. Next resistance will be pegged around US$1300.

Economic Releases:
JP - Bank of Japan's Interest Rate Decision - 16 Jun 17, 11.00AM
MY - Malaysia's Unemployment Rate - 16 Jun 17, 12.00PM
EU - Eurozone's Inflation Rate - 16 Jun 17, 5.00PM

Bursa Malaysia Trade Statistics - 15 Jun 17
Institutions:  Net BUY 42.0 mln (59.8%)
Retail:  Net SELL 10.3 mln (18.9%)
Foreign:  Net SELL 31.7 mln (21.3%)

Potential Momentum Stocks - 16 Jun 17 
Stock Name: FPI (9172)
Entry: Buy above RM0.90
Target: RM0.94 (4.4%), RM0.97 (7.8%)
Stop: RM0.87 (-3.3%)
Shariah: No
Technical: Consolidation breakout

Stock Name: YOCB (5159)
Entry: Buy above RM1.30
Target: RM1.37 (5.4%), RM1.40 (7.7%)
Stop: RM1.23 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

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.