Dow Jones: 19,614.81 pts (+65.19pts, +0.33%)
Wall Street edged higher overnight as the Dow (+0.3%) extended its gains for the fourth straight session, taking cue from the European Central Bank's move to extend its asset repurchase programme through December 2017. 

FBM KLCI: 1,643.75 pts (+11.28pts, +0.69`%)
Tracking the positive developments in Wall Street overnight, the FBM KLCI registered its third straight session of gains yesterday. The immediate resistance level is located around the 1,650-1,660 levels.

Crude Palm Oil: RM3,113 (-RM29, -0.92%)
Crude palm oil extended its losses in tandem with the decline in soy bean oil prices coupled with slowdown in demand from India. The RM3,200 level will serve as the next resistance level.

WTI Crude Oil: $50.84 (+$1.07, +2.16%)
Crude oil prices rebounded above the US$50 per barrel level ahead of the meeting between OPEC and Non-OPEC members. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,170.78 (-$3.20, -0.27%)
Gold prices closed marginally lower after the European Central Bank's move spurred demand for higher-yield assets. The US$1,150 level will serve as the immediate support level.

Economic Releases:
CN - China Inflation Rate - 9 Dec 16, 9.30AM
US - US Michigan Consumer Sentiment - 9 Dec 16, 11.00PM

Bursa Malaysia Trade Statistics - 8 Dec 16
Institutions:  Net SELL 15.6 mln (60.6%)
Retail:  Net SELL 11.1 mln (11.2%)
Foreign:  Net BUY 26.7 mln (28.2%)

Potential Momentum Stocks - 9 Dec 16 
Stock Name: CSCSTEL (5094)
Entry: Buy above RM2.05
Target: RM2.23 (8.8%), RM2.40 (17.1%)
Stop: RM1.90 (-7.3%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: CCK (7035)
Entry: Buy above RM0.635
Target: RM0.70 (10.2%), RM0.73 (15.0%)
Stop: RM0.60 (-5.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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