Dow Jones: 23,879.12 pts (+91.67pts, +0.39%)
U.S. stockmarkets trended higher for the fourth straight session as the Dow gained 0.4%, boosted by the optimism over trade talks between U.S. and China. The immediate resistance is located at 24,000.
FBM KLCI: 1,667.83 pts (-4.93pts, -0.29%)
The FBM KLCI (-0.3%) bucked the positive performance across its regional peers after sinking into the negative territory in the eleventh trading hour yesterday. The immediate resistance is located at 1,700.
Crude Palm Oil: RM2,182 (+RM4, +0.18%)
Crude palm oil prices edged marginally higher, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2200.
WTI Crude Oil: $52.36 (+$2.58, +5.16%)
Crude oil prices recorded an eight consecutive session of gains, boosted by optimism over trade talk between U.S. and China, coupled with OPEC's efforts in production cut. The immediate resistance is located at US$55.
Gold: $1,293.56 (+$8.17, +0.64%)
Gold prices advanced after the U.S. Dollar depreciated against a basket of currencies. The immediate resistance is located around $1,300.
Economic Releases:
CN - China's 4Q2018 GDP Growth Rate, 10.00AM
Potential Momentum Stocks - 10 Jan 19
Stock Name: D&O (7204)
Entry: Buy above RM0.74
Target: RM0.82 (10.8%), RM0.855 (15.5%)
Stop: RM0.69 (-6.8%)
Shariah: Yes
Technical: Consolidation breakout
Stock Name: DELEUM (5132)
Entry: Buy above RM1.01
Target: RM1.08 (6.9%), RM1.13 (11.9%)
Stop: RM0.97 (-4.0%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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