Dow Jones: 17,804.87 pts (+129.71pts, +0.73%)
U.S. stockmarkets rallied strongly and the Dow ended above the EMA20 level as Brexit concerns eases after the U.K. polls suggested that the "Remain" camp is gaining traction ahead of the referendum this week. 

FBM KLCI: 1,634.23 pts (+10.05pts, +0.62%)
Follow-through buying support was noted yesterday and the FBM KLCI surged above the 1,630 level amid a strong recovery on Maybank and CIMB. The FBM KLCI may retest the next resistance of 1,660. 

Crude Palm Oil: RM2,400 (-RM50, -2.04%)
CPO trended lower after a short one-day rebound last Friday as Malaysia delayed the B10 biodiesel mandate to July, coupled with weaker exports of Malaysia palm oil products for June 1-20, which has fallen 8.7% to 717,407 tonnes.

WTI Crude Oil: $49.37 (+$1.39, +2.89%)
Crude oil extended its gains as Brexit fears decline. The price may retest the psychological level of US$50 over the near term.

Gold: $1,289.90 (-$8.75, -0.67%)
Gold pullback below the US$1,300 level after poll suggests U.K. is likely to remain in EU. Next support will be pegged around the US$1,250 level.

Economic Releases:
Eurozone - ZEW Eurozone Expectation of Economic Growth - 21 Jun 16, 5:00PM

Bursa Malaysia Trade Statistics - 20 Jun 16
Institutions:  Net BUY 62.1 mln (57.6%)
Retail:  Net SELL 15.6 mln (15.3%)
Foreign:  Net SELL 46.5 mln (27.1%)

Potential Momentum Stocks - 21 Jun 16 
Stock Name: MENANG (1694)
Entry: Buy above RM0.90
Target: RM0.95 (5.6%), RM1.00 (11.1%)
Stop: RM0.87 (-3.3%)
Technical: Potential sideways breakout

Stock Name: KKB (9466)
Entry: Buy above RM1.43
Target: RM1.54 (7.7%), RM1.61 (12.6%)
Stop: RM1.37 (-4.2%)
Technical: Bullish divergence signal

Source: Bloomberg, M+ Online

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