Dow Jones: 19,941.96 pts (-32.66pts, -0.16%)
Despite the stronger-than-expected existing home sales data, U.S. stockmarkets retreated as the Dow declined 0.2% on weakness in crude oil prices.

FBM KLCI: 1,629.59 pts (-4.93pts, -0.30%)
Despite opening higher at the start of the trading bell, the FBM KLCI violated the 1,630 support level on profit taking activities ahead of the festive season break. The next support level is located around the 1,610 level.

Crude Palm Oil: RM3,114 (+RM21, +0.68%)
Crude palm oil prices snapped a three consecutive sessions of decline on lower Indonesia stockpiles. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $52.49 (+$0.26, +0.50%)
Crude oil prices extended its gains for the fourth straight session but came off its intraday highs on unexpected rise in U.S. crude inventory. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,131.61 (-$0.74, -0.07%)
Gold prices edged marginally lower ahead of the year-end break. The US1,100 will serve as the immediate support level.

Economic Releases:
US - US Durable Goods Orders - 22 Dec 16, 9.30PM
US - US 3Q2016 GDP Growth Rate - 22 Dec 16, 9.30PM

Bursa Malaysia Trade Statistics - 21 Dec 16
Institutions:  Net BUY 84.8 mln (63.2%)
Retail:  Net BUY 5.6 mln (12.9%)
Foreign:  Net SELL 90.4 mln (23.9%)

Potential Momentum Stocks - 22 Dec 16 
Stock Name: SSTEEL (5665)
Entry: Buy above RM1.25
Target: RM1.34 (7.2%), RM1.43 (14.4%)
Stop: RM1.19 (-4.8%)
Shariah: No
Technical: Monitor for breakout

Stock Name: DRBHCOM (1619)
Entry: Buy above RM1.26
Target: RM1.36 (7.9%), RM1.44 (14.3%)
Stop: RM1.18 (-6.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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