Dow Jones: 23,271.28 pts (-138.19pts, -0.59%)
U.S. stockmarkets trended lower overnight as the Dow (-0.6%), dragged down by uncertainty over the proposed tax cuts coupled with renewed weakness in commodity prices. The immediate support is located at 23,000.

FBM KLCI: 1,722.99 pts (-10.62pts, -0.61%)
Once again, the FBM KLCI (-0.6%) ended in the negative territory in tandem with the weakness across global stockmarkets. The immediate support is located at 1,700.

Crude Palm Oil: RM2,732 (-RM5, -0.18%)
Crude palm oil prices extended its losses as the stronger Ringgit against the U.S. Dollars limit gains. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $55.33 (-$0.37, -0.66%)
Crude oil prices closed lower amid the unexpected build-up in U.S. inventory data. The immediate resistance is located at US$60.

Gold: $1,278.14 (-$2.11, -0.16%)
Gold prices ended lower as its remains in the consolidation band. The immediate support will be pegged around US$1,250.

Economic Releases:
UK - United Kingdom's Retail Sales, 5.30PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Industrial Production, 10.15PM

Bursa Malaysia Trade Statistics - 15 Nov 17
Institutions:  Net BUY 76.9 mln (56.2%)
Retail:  Net BUY 32.8 mln (19.4%)
Foreign:  Net SELL 109.7 mln (24.4%)

Potential Momentum Stocks - 16 Nov 17 
Stock Name: ELSOFT (0090)
Entry: Buy above RM2.62
Target: RM2.78 (6.1%), RM2.95 (12.6%)
Stop: RM2.50 (-4.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SUPERMX (7106)
Entry: Buy above RM1.93
Target: RM2.06 (6.7%), RM2.150 (11.4%)
Stop: RM1.83 (-5.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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