Dow Jones: 28,235.89 pts (+100.51pts, +0.36%)
U.S. stockmarkets cheered on reports that the trade deal between U.S. and China will be signed in January 2020 as the Dow (+0.4%) finished at fresh record high levels alongside with other major indices. The immediate resistance is located at 28,500.

FBM KLCI: 1,569.35 pts (-1.81pts, -0.12%)
The FBM KLCI (-0.1%) staged a quick pullback as profit taking activities in selected index heavyweights took precedence yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,875 (+RM30, +1.05%)
Crude palm oil prices rebounded after Indonesia files a suit against the European Union on banning of palm oil and related-products to the World Trade Organisation. The immediate resistance is located around RM2,900.

WTI Crude Oil: $60.21 (+$0.14, +0.23%)
Crude oil prices trended higher for the third straight session after recovering all its' intraday losses on optimism over Sino-U.S. trade progress. The immediate resistance is located at US$64.

Gold: $1,476.18 (-$0.15, -0.01%)
Gold prices closed on a flattish note after trading in a choppy manner as gains were capped by the positive sentiment surrounding the U.S.-China trade relations. The immediate resistance is located around $1,500.

Economic Releases:
UK - United Kingdom's Unemployment Rate, 5.30PM
US - United States' Industrial Production, 10.15PM
US - United States' Manufacturing Production, 10.15PM
 

M+ Online Technical Trading Stocks - 17 Dec 19

Stock Name: KRONO (0176)
Entry: Buy above RM0.75
Target: RM0.805 (7.3%), RM0.83 (10.7%)
Stop: RM0.725 (-3.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SALUTE (0183)
Entry: Buy above RM0.715
Target: RM0.77 (7.7%), RM0.79 (10.5%)
Stop: RM0.66 (-7.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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