Dow Jones: 19,911.21 pts (+114.78pts, +0.58%)
Wall Street advanced overnight as the Dow inch close to the 20,000 psychological level ahead of the widely anticipated interest rate hike in the two-day FOMC meeting

FBM KLCI: 1,645.28 pts (+3.86pts, +0.24%)
The FBM KLCI edged marginally higher in tandem with the positive developments in key regional indices. The immediate resistance level is located around the 1,660 level.

Crude Palm Oil: RM3,098 (+RM29, +0.94%)
Crude palm oil prices recovered most of its previous session losses ahead of the higher demand from festive period. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $52.98 (+$0.15, +0.28%)
Crude oil prices registered its fourth straight winning streak on extended gains from the non-OPEC members production cut. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,158.54 (-$3.68, -0.32%)
Gold prices erased all its previous session gains, as the highly anticipated interest rate hike could materialise in coming days. The US1,500 will serve as the immediate support level.

Economic Releases:
JP - Japan's Industrial Production Index - 14 Dec 16, 12.30PM
EU- Eurozone's Industrial Production Index - 14 Dec 16, 6.00PM
US - US Retail Sales - 14 Dec 16, 9.30PM
US - US Industrial Production - 14 Dec 16, 10.15PM
US - US Manufacturing Production - 14 Dec 16, 10.15PM

Malaysia Trade Statistics - 13 Dec 16*
Institutions:  Net SELL 152.8 mln (54.7%)
Retail:  Net SELL 7.1 mln (11.9%)
Foreign:  Net BUY 159.9 mln (33.4%)

Potential Momentum Stocks - 14 Dec 16 
Stock Name: GHLSYS (0021)
Entry: Buy above RM0.825
Target: RM0.875 (6.1%), RM0.915 (10.9%)
Stop: RM0.79 (-4.2%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: PENTA (7160)
Entry: Buy above RM1.26
Target: RM1.41 (11.9%), RM1.57 (24.6%)
Stop: RM1.19 (-5.6%)
Shariah: Yes
Technical: Short-term consolidation breakout

Source: Bloomberg, M+ Online

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