Dow Jones: 23,358.24 pts (-100.12pts, -0.43%)
U.S. stockmarkets retreated as the Dow finished 0.4% lower on last Friday amid the lingering concern over the tax reformation plan. The immediate support is located at 23,000.

FBM KLCI: 1,721.66 pts (+3.55pts, +0.21%)
Bargain hunting in selective index heavyweights sent the FBM KLCI (+0.2%) higher as the key index halted a five straight losing streak. The immediate support is located at 1,700.

Crude Palm Oil: RM2,714 (-RM24, -0.88%)
Crude palm oil prices retreated after the Ringgit appreciated to its highest level YTD against the Greenback. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $56.55 (+$1.41, +2.56%)
Crude oil prices advanced after Saudi Arabia's Energy Minister Khalid Al-Falih reported that OPEC will announce a production cut extension at the next OPEC meeting on 30th November 2017. The immediate resistance is located at US$60.

Gold: $1,292.42 (+$13.84, +1.08%)
Gold prices advanced after the U.S. Dollar retreated against a basket of currencies. The immediate support will be pegged around US$1,250.

Economic Releases:
US - United States' Existing Home Sales, 11.00PM

Bursa Malaysia Trade Statistics - 17 Nov 17
Institutions:  Net BUY 72.2 mln (56.4%)
Retail:  Net BUY 14.4 mln (20.1%)
Foreign:  Net SELL 86.6 mln (23.5%)

Potential Momentum Stocks - 20 Nov 17 
Stock Name: TOMYPAK (7285)
Entry: Buy above RM1.00
Target: RM1.05 (5.0%), RM1.08 (8.0%)
Stop: RM0.97 (-3.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: REACH (5256)
Entry: Buy above RM0.46
Target: RM0.51 (10.9%), RM0.54 (17.4%)
Stop: RM0.435 (-5.4%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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