Dow Jones: 27,881.72 pts (-27.88pts, -0.10%)
U.S. stockmarkets extended their losses as the Dow fell 0.1% ahead of the two-day U.S. Federal Reserve policy meeting. The immediate resistance is located at 28,200.

FBM KLCI: 1,561.79 pts (-0.92pts, -0.06%)
The FBM KLCI (-0.1%) trended lower mirroring the weakness across regional equities amid the uncertainty over U.S.-China trade progress. The immediate support is located at 1,550.

Crude Palm Oil: RM2,903 (+RM1, +0.03%)
Crude palm oil prices edged marginally higher to record its' sixth straight session of gains as Malaysia's palm oil inventory fell to three-month low in November 2019 at 2.3 mln tonnes. The immediate resistance is located around RM2,900.

WTI Crude Oil: $59.24 (+$0.22, +0.37%)
Crude oil prices rebounded ahead of the release of weekly U.S. inventory level data. The immediate resistance is located at US$60.

Gold: $1,464.39 (+$2.71, +0.19%)
Gold prices extended its' gains ahead of the impending fresh tariffs on Chinese goods from the U.S. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
US - United States' Inflation Rate, 9.30PM
 

M+ Online Technical Trading Stocks - 11 Dec 19

Stock Name: GAMUDA (5398)
Entry: Buy above RM3.76
Target: RM3.88 (3.2%), RM4.04 (7.4%)
Stop: RM3.65 (-2.9%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: CABNET (0191)
Entry: Buy above RM0.23
Target: RM0.255 (10.9%), RM0.27 (17.4%)
Stop: RM0.21 (-8.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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