Dow Jones: 18,956.69 pts (+88.76pts, +0.47%)
U.S. stockmarkets advanced overnight as the Dow notched a record closing, lifted by gains in crude oil prices. The Dow could head towards the 19,000 level.

FBM KLCI: 1,627.28 pts (+3.48pts, +0.21%)
The FBM KLCI halted a three-consecutive winning streak as buying interest was distinct among selective banking heavyweights. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM2,919 (+RM50, +1.74%)
Crude palm oil prices rebounded, tracking the gains in soybean oil coupled with the persistent weakness in Ringgit. The RM3,000 level will serve as the immediate resistance level.

WTI Crude Oil: $48.24 (+$2.79, +6.11%)
Crude oil prices extended its gains on optimism over OPEC production cut deal. Crude oil prices might head towards the US$50 level.

Gold: $1,214.23 (+$6.34, +0.52%)
Gold prices rebounded from around the US$1,200 level after the US Dollar retreated. The US$1,200 level will serve as the immediate support level.

Economic Releases:
US - October Existing Home Sales - 22 Nov 16, 11.00PM

Bursa Malaysia Trade Statistics - 21 Nov 16
Institutions:  Net SELL 17.8 mln (54.4%)
Retail:  Net BUY 16.5 mln (17.6%)
Foreign:  Net BUY 1.3 mln (28.0%)

Potential Momentum Stocks - 22 Nov 16 
Stock Name: OCNCASH (0049)
Entry: Buy above RM0.40
Target: RM0.43 (7.5%), RM0.47 (17.5%)
Stop: RM0.385 (-3.8%)
Shariah: Yes
Technical: Short-term consolidation breakout

Stock Name: MKH (6114)
Entry: Buy above RM2.790
Target: RM3.00 (7.5%), RM3.17 (13.6%)
Stop: RM2.67 (-4.3%)
Shariah: Yes
Technical: Short-term consolidation breakout

Source: Bloomberg, M+ Online

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