Dow Jones: 24,635.21 pts (+219.37pts, +0.90%)
U.S. stockmarkets extended their gains as the Dow rose 0.9%, boosted by the solid unemployment data in May that fell to 18-month low. The immediate support is located at 23,500.

FBM KLCI: 1,756.38 pts (+15.76pts, +0.91%)
The FBM KLCI (+0.9%) extended its gains, lifted by the bargain hunting activities in selected index heavyweights. The immediate support is located at 1,710.

Crude Palm Oil: RM2,439 (+RM10, +0.41%)
Crude palm oil prices rebounded in tandem with gains in soybean oil prices. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $65.81 (-$1.23, -1.83%)
Crude oil prices extended its losses as OPEC targets to increase investment to ramp up production. The immediate resistance is located at US$70.

Gold: $1,293.40 (-$5.11, -0.39%)
Gold prices extended its losses after the Greenback appreciated against a basket of currencies. The immediate support will be pegged around US$1,260.

Economic Releases:
EU - Eurozone's Producer Price Index, 5.00PM

Bursa Malaysia Trade Statistics - 1 Jun 18
Institutions:  Net BUY 216.3 mln (50.3%)
Retail:  Net BUY 8.9 mln (20.7%)
Foreign:  Net SELL 225.2 mln (29.0%)

Potential Momentum Stocks - 4 Jun 18 
Stock Name: MEDIA (4502)
Entry: Buy above RM0.405
Target: RM0.445 (9.9%), RM0.485 (19.8%)
Stop: RM0.37 (-8.6%)
Shariah: No
Technical: Resistance breakout

Stock Name: INSAS (3379)
Entry: Buy above RM0.89
Target: RM0.94 (5.6%), RM1.00 (12.4%)
Stop: RM0.84 (-5.6%)
Shariah: No
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.