Dow Jones: 19,974.62 pts (+91.56pts, +0.46%)
U.S. stockmarkets extended their gains as the Dow added 0.5% to close marginally below the 20,000 psychological level, on prospects over increased government spending in the country.

FBM KLCI: 1,634.52 pts (+0.22pts, +0.01%)
The FBM KLCI was traded in a choppy manner yesterday but last minute buying support amongst selective oil & gas and telco heavyweights sent the key index marginally higher. The immediate support level is located around the 1,630 level.

Crude Palm Oil: RM3,093 (-RM49, -1.56%)
Tracking the weakness in soybean oil prices, crude palm oil prices extended its losses for the third straight session. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.30 (+$1.18, +2.27%)
Crude oil prices advanced for the third consecutive session after U.S. crude stockpiles declined last week. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,132.35 (-$5.86, -0.51%)
Gold prices erased all its previous session gains, dragged down by the strength in U.S. Dollar. The US1,100 will serve as the immediate support level.

Economic Releases:
EU - Eurozone's Consumer Confidence - 21 Dec 16, 11.00PM
US - US Existing Home Sales - 21 Dec 16, 11.00PM

Bursa Malaysia Trade Statistics - 20 Dec 16
Institutions:  Net BUY 5.3 mln (64.2%)
Retail:  Net BUY 13.0 mln (14.9%)
Foreign:  Net SELL 18.3 mln (20.9%)

Potential Momentum Stocks - 21 Dec 16 
Stock Name: GHLSYS (0021)
Entry: Buy above RM0.84
Target: RM0.915 (8.9%), RM0.99 (17.9%)
Stop: RM0.795 (-5.4%)
Shariah: Yes
Technical: Short-term consolidation breakout

Stock Name: WILLOW (0008)
Entry: Buy above RM0.75
Target: RM0.78 (4.0%), RM0.81 (8.0%)
Stop: RM0.72 (-4.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.