Dow Jones: 25,201.20 pts (-119.53pts, -0.47%)
U.S. stockmarkets extended their losses as the Dow fell 0.5% after the U.S. Federal Reserve raised its benchmark interest rate by 25 basis points for the second time in 2018 and undertook a more hawkish stance in raising interest rates in 2H2018. The immediate support is located at 25,000.

FBM KLCI: 1,763.57 pts (-0.59pts, -0.03%)
The FBM KLCI (-0.03%) retreated for the fourth straight session after trimming most of its intraday losses yesterday. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,318 (-RM8, -0.34%)
Crude palm oil prices edged lower for the eighth consecutive session to close at 22-months low amid the sluggish export data. The immediate support is envisaged around RM2,300.

WTI Crude Oil: $66.64 (+$0.28, +0.42%)
Crude oil prices advanced for the third straight session after recovering all its intraday losses, lifted by the decline in U.S. inventory level. The immediate support is located at US$62.

Gold: $1,299.31 (+$3.34, +0.26%)
Gold prices rebounded to close marginally below the 1,300 psychological level on mounting concern over trade tensions between U.S. and China. The immediate support will be pegged around US$1,260.

Economic Releases:
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
JP - Japan's Industrial Production, 12.30PM
EU - Eurozone's European Central Bank's Interest Rate Decision, 7.45PM
US - United States' Retail Sales, 8.30PM

Bursa Malaysia Trade Statistics - 13 Jun 18
Institutions:  Net BUY 217.8 mln (48.7%)
Retail:  Net BUY 12.6 mln (20.5%)
Foreign:  Net SELL 230.4 mln (30.8%)

Potential Momentum Stocks - 14 Jun 18 
Stock Name: KGB (0151)
Entry: Buy above RM0.805
Target: RM0.865 (7.5%), RM0.90 (11.8%)
Stop: RM0.78 (-3.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: POS (4634)
Entry: Buy above RM3.81
Target: RM4.17 (9.4%), RM4.45 (16.8%)
Stop: RM3.49 (-8.4%)
Shariah: Yes
Technical: Consolidation 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.