Dow Jones: 23,526.18 pts (-64.65pts, -0.27%)
U.S. stockmarkets were closed for the Thanksgiving public holiday. The immediate resistance is located at 23,750.
FBM KLCI: 1,721.27 pts (-2.27pts, -0.13%)
The FBM KLCI (-0.1%) succumbs to selling pressure, dragged down by weakness in selective plantation heavyweights. The immediate resistance is located at 1,730.
Crude Palm Oil: RM2,609 (-RM35, -1.32%)
Crude palm oil prices retreated on expectation over the weak export data coupled with the rising Ringgit against the Greenback. The immediate support is envisaged around RM2,600.
WTI Crude Oil: $58.02 (+$1.19, +2.11%)
Crude oil prices advanced for the third straight session on optimism over U.S. glut is waning. The immediate resistance is located at US$60.
Gold: $1,291.47 (-$0.65, -0.05%)
Gold prices advanced on the back of the selloff in Chinese bond and equities. The immediate support will be pegged around US$1,250.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
Bursa Malaysia Trade Statistics - 23 Nov 17
Institutions: Net BUY 50.0 mln (60.7%)
Retail: Net SELL 58.5 mln (23.4%)
Foreign: Net BUY 8.5 mln (15.9%)
Potential Momentum Stocks - 24 Nov 17
Stock Name: FGV (5222)
Entry: Buy above RM1.80
Target: RM1.93 (7.2%), RM2.05 (13.9%)
Stop: RM1.72 (-4.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: CAB (7174)
Entry: Buy above RM1.08
Target: RM1.15 (6.5%), RM1.20 (11.1%)
Stop: RM1.02 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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