Dow Jones: 18,004.16 pts (+106.70 pts, +0.60%).
U.S. stocks recovered strongly and the Dow surged above the 18,000 psychological level (first time since July 2015) as crude oil price recoup earlier losses amid falling output in Kuwait.
 
FBM KLCI: 1,717.68 pts (-10.31 pts, -0.60%).  
Despite the FBM KLCI has ended below the EMA9 level, the key index may gapped up today on the back of renewed positive sentiments in the overseas stockmarkets. The FBM KLCI is likely to retest the 1,730 level over the near term.

Crude Palm Oil: RM2,668 (+RM27, +1.02%).
CPO rebounded to one-week high on the back of weaker Ringgit and falling crude oil prices. The CPO prices may retest the RM2,700 level. Meanwhile, the support is located around the RM2,600 level.

WTI Crude oil: US$39.78 (-US$0.58, -1.44%).
Crude oil prices fell sharply as output talks failed in Doha to reach an agreement on the oil production levels. However, price has rebounded off the intra-day low of US$37.61 and may poise for a further rebound towards the US$42 level.

Gold: US$1,233.90 (+US$6.01, +0.49%)
Gold fluctuated between the positive and negative territory on Monday as traders were moving away from the precious metal instrument after equities rocketed to a fresh 7-month high.

Economic Releases:
Eurozone Expectation of Economic Growth – 19 Apr 16, 5:00PM

Bursa Malaysia Trade Statistics – 18 Apr 16
Institutions: Net Sell RM8.0 mln (61.2%)
Retail: Net Buy RM9.3 mln (16.9%)
Foreign: Net Sell RM1.3 mln (21.9%)

Potential Momentum Stocks (19-Apr-2016):

Stock Name: 3A (0012)
Entry: Buy above RM1.05
Target: RM1.14 (8.6%), RM1.26 (20.0%)
Stop: RM1.02 (-2.9%)
Technical: short term breakout

Stock Name: TEKSENG (7200)
Entry: Buy above RM1.11
Target: RM1.17 (5.4%), RM1.28 (15.3%)
Stop: RM1.08 (-2.7%)
Technical: Trended sideways, monitor for a breakout

Source: Bloomberg, M+ Online

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