Dow Jones: 28,051.41 pts (-112.59pts, -0.40%)
U.S. stockmarkets retreated from their all-time high levels as the Dow fell 0.4% on the uncertainty over U.S.-China trade negotiations, coupled with the sharp decline in crude oil prices. The immediate resistance is located at 28,500.

FBM KLCI: 1,561.74 pts (-22.03pts, -1.39%)
The FBM KLCI (-1.4%) closed sharply lower on the month-end portfolio rebalancing by institutional players on last Friday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,744 (+RM21, +0.77%)
Crude palm oil prices trended higher for the third straight session amid expectations over the seasonally tighter supply, coupled with the rising demand from the higher usage of biofuel. The immediate resistance is located around RM2,800.

WTI Crude Oil: $55.17 (-$2.94, -5.11%)
Crude oil prices took a dive following Iraq's Prime Minister Adel Abdul-Mahdi resignation that potentially leads to an end of oil disruption for the country. The immediate support is located at US$51.

Gold: $1,463.98 (+$7.71, +0.53%)
Gold prices extended its gains on the uncertainty over Sino-U.S. trade progress. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Jibun Bank Manufacturing PMI, 8.30AM
MY - Malaysia's Markit Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 5.00PM
US - United States' Markit Manufacturing PMI, 10.45PM
US - United States' ISM Manufacturing PMI, 11.00PM

M+ Online Technical Trading Stocks - 2 Dec 19

Stock Name: DPHARMA (7148)
Buy above RM1.40
Target: RM1.48 (5.7%), RM1.55 (10.7%)
Stop: RM1.32 (-5.7%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: FAJAR (7047)
Entry: Buy above RM0.37
Target: RM0.395 (6.8%), RM0.415 (12.2%)
Stop: RM0.35 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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