Dow Jones: 17,780.83 pts (-48.90pts, -0.27%)
Wall Street trended sideways ahead of the Brexit vote on whether the U.K. will remain in the EU. The Dow closed near the EMA20 level.

FBM KLCI: 1,637.69 pts (+3.46pts, +0.21%)
Extended follow-through buying support was noted and the FBM KLCI surged above the EMA20 level, technical rebound may persist towards the next resistance of 1,660. 

Crude Palm Oil: RM2,374 (-RM26, -1.08%)
CPO continues to trend lower and violated the psychological support of RM2,400 on the back of steady Ringgit near the 4.00 level. 

WTI Crude Oil: $49.13 (+$0.28, +0.58%)
Crude oil rebounded to retest the US$50 per barrel mark ahead of the U.K. vote. Meanwhile, data from EIA suggested that the crude oil inventories declined by 917,000 barrels, vs the traders' expected figure of 2 mln barrels.

Gold: $1,266.22 (-$1.90, -0.15%)
Gold retraced for the fourth consecutive day as traders were cautious before the U.K. poll results. Support will be pegged around US$1,250.

Economic Releases:
Eurozone - Markit Eurozone Services PMI - 23 Jun 16, 4:00PM
US - US Initial Jobless Claims - 23 Jun 16, 8:30PM
US - Markit US Manufacturing PMI - 23 Jun 16, 9.45PM

Bursa Malaysia Trade Statistics - 22 Jun 16
Institutions:  Net SELL 79.2 mln (53.9%)
Retail:  Net SELL 18.1 mln (15.9%)
Foreign:  Net BUY 97.3 mln (30.2%)

Potential Momentum Stocks - 23 Jun 16
Stock Name: WONG (7050)
Entry: Buy above RM0.605
Target: RM0.65 (7.4%), RM0.70 (15.7%)
Stop: RM0.58 (-4.1%)
Technical: Flag formation breakout

Stock Name: EKOVEST (8877)
Entry: Buy above RM1.56
Target: RM1.74 (11.5%), RM2.00 (28.2%)
Stop: RM1.49 (-4.5%)
Technical: Potential sideways consolidation breakout
Source: Bloomberg, M+ Online

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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.