Dow Jones: 19,885.73 pts (-5.27pts, -0.03%)
U.S. stockmarkets was closed overnight for the Martin Luther Jr. King public holiday.

FBM KLCI: 1,658.84 pts (-13.66pts, -0.82%)
Selling pressure in selective banking and plantation heavyweights sent the FBM KLCI to extend its losses by 0.8% yesterday. The immediate resistance level is located around the 1,680 level.

Crude Palm Oil: RM3,110 (-RM10, -0.32%)
Crude palm oil prices retreated after the crude palm oil export tax will raise to 7.5% from February 2017. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $52.37 (-$0.64, -1.21%)
Trading in crude oil prices was closed overnight for the Martin Luther Jr. King public holiday. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,202.73 (+$5.39, +0.45%)
Gold prices advanced for the sixth consecutive session on concern over the hard-Brexit. The US1,250 will serve as the next resistance level.

Economic Releases:
JP - Japan's Industrial Production - 17 Jan 17, 12.30PM
UK - UK's Production Price Index - 17 Jan 17, 5.30PM
UK- UK's Inflation Rate - 17 Jan 17, 5.30PM

Bursa Malaysia Trade Statistics - 16 Jan 17
Institutions:  Net BUY 82.7 mln (59.0%)
Retail:  Net BUY 10.2 mln (16.2%)
Foreign:  Net SELL 92.9 mln (24.8%)

Potential Momentum Stocks - 17 Jan 17 
Stock Name: WILLOW (0008)
Entry: Buy above RM0.775
Target: RM0.81 (4.5%), RM0.855 (10.3%)
Stop: RM0.76 (-1.9%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: RSENA (5270)
Entry: Buy above RM0.44
Target: RM0.47 (6.8%), RM0.50 (13.6%)
Stop: RM0.43 (-2.3%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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