Dow Jones: 27,649.78 pts (+146.97pts, +0.53%)
U.S. stockmarkets rebounded overnight as the Dow (+0.7%) snapped a three-day losing streak on reports that the phase-one trade deal between U.S. and China is making positive progress. The immediate resistance is located at 28,200.

FBM KLCI: 1,560.93 pts (-1.34pts, -0.09%)
The FBM KLCI (-0.1%) extended its' losses, mirroring the weakness across global equities, bogged down by weakness in telco heavyweights yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,773 (+RM26, +0.95%)
Crude palm oil prices extended its' gains, taking cue from the higher oil-related commodities, coupled with the weakness in Ringgit against the Greenback. The immediate resistance is located around RM2,800.

WTI Crude Oil: $58.43 (+$2.33, +4.15%)
Crude oil prices advanced for the third straight session on the first weekly decline in U.S. inventory level over the past six weeks. The immediate resistance is located at US$58.

Gold: $1,474.59 (-$3.02, -0.20%)
Gold prices retreated as demand for safe haven assets faded amid the positive sentimen surrounding Sino-U.S. trade progress. The immediate resistance is located around $1,500.

Economic Releases:
EU - Eurozone's Retail Sales, 6.00PM

M+ Online Technical Trading Stocks - 5 Dec 19

Stock Name: CAELY (7154)
Entry: Buy above RM0.415
Target: RM0.46 (10.8%), RM0.49 (18.1%)
Stop: RM0.38 (-8.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: BPLANT (5254)
Entry: Buy above RM0.68
Target: RM0.72 (5.9%), RM0.76 (11.8%)
Stop: RM0.645 (-5.1%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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