Dow Jones: 28,135.38 pts (+3.33pts, +0.01%)
U.S. stockmarkets eked out mild gains as the Dow rose 0.01% on last Friday as investors digested the details of a phase one trade deal between China and the U.S. The immediate resistance is located at 28,200.

FBM KLCI: 1,571.16 pts (+3.82pts, +0.24%)
The FBM KLCI (+0.2%) advanced for the third straight session, taking cue from gains on Wall Street following the positive developments over Sino-U.S. partial trade deal. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,845 (-RM28, -0.97%)
Crude palm oil prices formed a bearish engulfing candle after Malaysia will raise export tax to 5% in January 2020, whilst India's import slump to the lowest level in 16 months. The immediate resistance is located around RM2,800.

WTI Crude Oil: $60.07 (+$1.55, +2.63%)
Crude oil prices extended their gains amid the positive outcome of Sino-U.S. trade progress. The immediate resistance is located at US$64.

Gold: $1,476.33 (+$3.16, +0.21%)
Gold prices rebounded amid the uncertainty over the details over U.S.-China trade progress, coupled with the weaker Greenback against a basket of currencies. The immediate resistance is located around $1,500.

Economic Releases:
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM

M+ Online Technical Trading Stocks - 16 Dec 19

Stock Name: ANNJOO (6556)
Entry: Buy above RM1.12
Target: RM1.23 (9.8%), RM1.28 (14.3%)
Stop: RM1.06 (-5.4%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: PADINI (7052)
Entry: Buy above RM3.26
Target: RM3.62 (11.0%), RM3.83 (17.5%)
Stop: RM3.00 (-8.0%)
Shariah: Yes
Technical: Bullish harami candle

Source: Bloomberg, M+ Online

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