Dow Jones: 17,694.68 pts (+284.96pts, +1.64%)
U.S. stockmarkets continue to post strong recovery for the second consecutive day on the back of bargain hunting activities. The Dow may retest the resistance of 18,000 over the near term.

FBM KLCI: 1,642.21 pts (+8.17pts, +0.50%)
The FBM KLCI surged above the EMA20 level as buying support was noted around the 1,630 level, it may retest the resistance of 1,660.

Crude Palm Oil: RM2,323 (-RM55, -2.31%)
CPO extended its correction phase below the RM2,400 level on the back of slower demand. Next support will be pegged around RM2,250-RM2,300.

WTI Crude Oil: $49.88 (+$2.03, +4.21%)
Crude oil rebounded from the two-day drop as crude stockpiles declined 4.05 mln barrels last week, according to the data provided by Energy Information Administration.

Gold: $1,319.15 (+$7.36, +0.56%)
Gold prices trended higher above the US$1,300 level as investors speculated that the central bank is likely to continue supporting the global economy post-Brexit. 

Economic Releases:
Eurozone - Eurostat Eurozone Core MUICP - 30 Jun 16, 5:00PM
US - US Initial Jobless Claims - 30 Jun 16, 8:30PM

Bursa Malaysia Trade Statistics - 29 Jun 16
Institutions:  Net SELL 2.4 mln (60.8%)
Retail:  Net SELL 11.7 mln (17.0%)
Foreign:  Net BUY 14.1 mln (22.2%)

Potential Momentum Stocks - 30 Jun 16 
Stock Name: N2N (0108)
Entry: Buy above RM0.89
Target: RM0.97 (9.0%), RM1.00 (12.4%)
Stop: RM0.850 (-4.5%)
Technical: Breakout-Pullback-Continuation pattern

Stock Name: ANNJOO (6556)
Entry: Buy around RM1.11
Target: RM1.26 (13.5%), RM1.30 (17.1%)
Stop: RM1.03 (-7.2%)
Technical: Bullish breakout

Source: Bloomberg, M+ Online

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