Dow Jones: 18,868.14 pts (-54.92pts, -0.29%)
U.S. stockmarkets closed lower overnight as the Dow (-0.2%) retreated from the all-time high level, snapping a seven straight winning streak.

FBM KLCI: 1,627.63 pts (-2.93pts, -0.18%)
The FBM KLCI gave up some of its previous session gains in tandem with the minor losses in key regional indices. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM2,855 (+RM43, +1.53%)
Crude palm oil prices rebounded, spurred by the large fall in October's month output. The RM2,800 level will serve as the immediate support level.

WTI Crude Oil: $45.57 (-$0.24, -0.52%)
Crude oil prices closed marginally lower after U.S. inventories rose. Crude oil prices might continue to hover between US$43-US$46 levels.

Gold: $1,224.99 (-$3.74, -0.31%)
Gold prices fell, dragged down by the strength in US Dollars against a basket of currencies. Gold prices might trade at a range bound mode between US$1,200-US$1,250.

Economic Releases:
Eurozone - Eurozone's October Inflation Rate - 17 Nov 16, 6.00PM
US - US October Inflation Rate - 17 Nov 16, 9.30PM

Bursa Malaysia Trade Statistics - 16 Nov 16
Institutions:  Net BUY 268.7 mln (56.9%)
Retail:  Net BUY 5.7 mln (13.4%)
Foreign:  Net SELL 274.4 mln (29.7%)

Potential Momentum Stocks - 17 Nov 16 
Stock Name: SYCAL (9717)
Entry: Buy above RM0.355
Target: RM0.385 (8.5%), RM0.40 (12.7%)
Stop: RM0.345 (-2.8%)
Shariah: Yes
Technical: T+4 formation breakout

Stock Name: MITRA (9571)
Entry: Buy above RM1.350
Target: RM1.47 (8.9%), RM1.60 (18.5%)
Stop: RM1.27 (-5.9%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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