[7:37 AM, 1/16/2018] Mplus SS 2: Dow Jones: 25,803.19 pts (+228.46pts, +0.89%)
U.S. stockmarkets was closed overnight for the Martin Luther King Jr. public holiday. The immediate resistance is located at 26,000.

FBM KLCI: 1,825.91 pts (+3.24pts, +0.18%)
The FBM KLCI (+0.2%) extended its gains yesterday, lifted by the stronger Ringgit against the Greenback coupled with high crude oil prices. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,556 (+RM21, +0.83%)
Crude palm oil prices advanced amid the better-than-expected export data. The immediate resistance is envisaged around RM2,600.

WTI Crude Oil: $64.30 (+$0.50, +0.79%)
Crude oil prices trended higher for the sixth straight session after OPEC members pledged their support for output cuts to continue. The immediate resistance is located at US$65.

Gold: $1,339.99 (+$2.27, +0.17%)
Gold prices extended its gains after the U.S. Dollar depreciated against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
UK - United Kingdom's Inflation Rate, 5.30PM

Bursa Malaysia Trade Statistics - 15 Jan 18
Institutions:  Net SELL 204.4 mln (56.9%)
Retail:  Net BUY 55.6 mln (30.0%)
Foreign:  Net BUY 148.8 mln (13.1%)

Potential Momentum Stocks - 16 Jan 18 
Stock Name: YEELEE (5584)
Entry: Buy above RM2.29
Target: RM2.45 (7.0%), RM2.55 (11.4%)
Stop: RM2.17 (-5.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GADANG (9261)
Entry: Buy above RM1.13
Target: RM1.20 (6.2%), RM1.27 (12.4%)
Stop: RM1.10 (-2.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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