Dow Jones: 24,667.78 pts (+306.33pts, +1.26%)
U.S. stockmarkets staged a strong recovery overnight as the Dow rose 1.3% after concern over political unrest in Italy abated coupled with the recovery in commodity prices. The immediate resistance is located at 25,800.

FBM KLCI: 1,719.28 pts (-56.56pts, -3.18%)
The FBM KLCI (-3.2%) suffered its worst daily decline in history as foreign funds step up to taper their holdings in the local equity. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,440 (+RM22, +0.91%)
Crude palm oil prices rebounded on expectation over improvement in export data for May 2018. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $68.21 (+$1.48, +2.22%)
Crude oil prices rebounded from a five-day slump as concern over OPEC's move to ramp up production eased. The immediate resistance is located at US$70.

Gold: $1,301.38 (+$2.61, +0.20%)
Gold prices rose after the U.S. Dollar weakened against a basket of currencies. The immediate support will be pegged around US$1,260.

Economic Releases:
MY - Malaysia's Producer Price Index, 12.00PM
EU - Eurozone's Unemployment Rate, 5.00PM

Bursa Malaysia Trade Statistics - 30 May 18
Institutions:  Net BUY 364.1 mln (50.6%)
Retail:  Net BUY 245.1 mln (20.9%)
Foreign:  Net SELL 609.2 mln (28.5%)

Potential Momentum Stocks - 31 May 18 
Stock Name: UNIMECH (7091)
Entry: Buy above RM1.01
Target: RM1.07 (5.9%), RM1.11 (9.9%)
Stop: RM0.975 (-3.5%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: IGBREIT (5227)
Entry: Buy above RM1.65
Target: RM1.75 (6.1%), RM1.80 (9.1%)
Stop: RM1.59 (-3.6%)
Shariah: No
Technical: Resistance breakout

Source: Bloomberg, M+ Online

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