Dow Jones: 27,911.30 pts (+29.58pts, +0.11%)
U.S. stockmarkets stage a mild recovery as the Dow gained 0.1% after the U.S. Federal Reserve adopted an accommodative monetary policy stance and signals no rate hikes in 2020. The immediate resistance is located at 28,200.

FBM KLCI: 1,563.19 pts (+1.40pts, +0.09%)
The FBM KLCI (+0.1%) rebounded on mild bargain hunting activities in selected index heavyweights yesterday. The immediate support is located at 1,550.

Crude Palm Oil: RM2,878 (-RM25, -0.86%)
Crude palm oil prices snapped a six-day winning streak on decline in Indonesia exports data. The immediate resistance is located around RM2,900.

WTI Crude Oil: $58.76 (-$0.48, -0.81%)
Crude oil prices staged a mild pullback amid the build-up in U.S. inventory. The immediate resistance is located at US$60.

Gold: $1,474.88 (+$10.49, +0.72%)
Gold prices edged higher on the back of the accommodative monetary policy signal by the U.S. Federal Reserve. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Machinery Orders, 7.50AM
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM
EU - Eurozone's Industrial Production, 6.00PM
EU - Eurozone's European Central Bank's Interest Rate Decision, 8.45PM
US - United States' Producer Price Index, 9.30PM

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: UZMA (7250)
Entry: Buy above RM0.855
Target: RM0.945 (10.5%), RM0.99 (15.8%)
Stop: RM0.78 (-8.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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