Dow Jones: 28,132.05 pts (+220.75pts, +0.79%)
U.S. stockmarkets rallied to close near their record high levels as the Dow gained 0.8% are close to a trade deal that may avert an impending fresh wave of tariffs on 15th December 2019. The immediate resistance is located at 28,200.

FBM KLCI: 1,567.34 pts (+4.15pts, +0.27%)
The FBM KLCI (+0.3%) marched higher, mirroring the positive sentiment on Wall Street overnight, lifted by gains in Petronas-related heavyweights yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,891 (+RM13, +0.45%)
Crude palm oil prices rebounded on reports that India may step up their purchases of palm oil from Malaysia. The immediate resistance is located around RM2,900.

WTI Crude Oil: $59.18 (+$0.42, +0.72%)
Crude oil prices advanced on expectations over improve demand amid the positive developments over Sino-U.S. trade progress. The immediate resistance is located at US$60.

Gold: $1,469.80 (-$5.08, -0.34%)
Gold prices retreated after erasing all its' intraday gains as investors shifted their appetite to riskier assets. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Industrial Production, 12.30PM
US - United States' Retail Sales, 9.30PM

M+ Online Technical Trading Stocks - 13 Dec 19

Stock Name: MBMR (5983)
Entry: Buy above RM3.93
Target: RM4.18 (6.4%), RM4.46 (13.5%)
Stop: RM3.69 (-6.1%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: VSTECS (5162)
Entry: Buy above RM1.51
Target: RM1.67 (10.6%), RM1.73 (14.6%)
Stop: RM1.43 (-5.3%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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