Dow Jones: 20,979.75 pts (-2.19pts, -0.01%)
U.S. stockmarkets closed on mixed tone overnight, as investors digested a series of economic data, while Dollar hit its lowest point since November last year. The Dow flatlined, while the Nasdaq finished at fresh record high. Support is pegged near the 20,850 pts.

FBM KLCI: 1,778.15 pts (-0.50pts, -0.03%)
The local bourse finished almost unchanged after regaining earlier losses, as investors stayed on the sidelines ahead of inflation and GDP data due this week. The blue-chip gauge may trade between 1750 to 1780.

Crude Palm Oil: RM2,610 (+RM1, +0.04%)
Crude palm oil rebounded from intraday low and closed with minute gains - led by a bullish outlook for crude palm oil demand. Next resistance is located at RM2,900.

WTI Crude Oil: $48.66 (-$0.19, -0.38%)
Crude oil declined on the back of mild profit-taking activities, as investors await the weekly U.S. crude oil inventory data. Further support is located around US$45.

Gold: $1,237.24 (+$6.42, +0.52%)
Gold prices maintained its upward momentum for the fourth-straight day, spurred by a weaker Dollar amid political troubles in the United States. Near-term resistance is envisaged around US$1242.

Economic Releases:
MY - Malaysia Inflation Rate - 17 May 17, 12.00PM
EU - Euro Area Inflation Rate - 17 May 17, 5.00PM

Bursa Malaysia Trade Statistics - 16 May 17
Institutions:  Net SELL 56.4 mln (58.7%)
Retail:  Net SELL 2.0 mln (22.7%)
Foreign:  Net BUY 58.4 mln (18.6%)

Potential Momentum Stocks - 17 May 17 
Stock Name: MUDAJYA (5085)
Entry: Buy above RM1.24
Target: RM1.30 (4.8%), RM1.36 (9.7%)
Stop: RM1.18 (-4.8%)
Shariah: Yes
Technical: Breakout momentum trade

Stock Name: TSRCAP (5042)
Entry: Buy above RM0.785
Target: RM0.83 (5.7%), RM0.85 (8.3%)
Stop: RM0.755 (-3.8%)
Shariah: Yes
Technical: Breakout momentum trade

Source: Bloomberg, M+ Online

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