Dow Jones: 28,267.16 pts (+31.27pts, +0.11%)
U.S. stockmarkets extended their gains to close at fresh record high levels as the Dow rose 0.4%, boosted by the extended trade relief rally. The immediate resistance is located at 28,500.

FBM KLCI: 1,576.95 pts (+7.60pts, +0.48%)
The FBM KLCI (+0.5%) recovered all its' intraday gains to close higher alongside with the mostly positive sentiment across regional peers as the key index formed a hammer candle yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,878 (+RM3, +0.10%)
Crude palm oil prices extended their gains, mirroring the strong performance in soybean oil prices. The immediate resistance is located around RM2,900.

WTI Crude Oil: $60.94 (+$0.73, +1.20%)
Crude oil prices recorded their fourth straight session of advance, spurred by the easing Sino-U.S. trade tension. The immediate resistance is located at US$64.

Gold: $1,476.22 (+$0.04, +0.00%)
Gold prices eked out mild gains after trading in a choppy manner as it continues to stay within the consolidation band over the past month. The immediate resistance is located around $1,500.

Economic Releases:
UK - United Kingdom's Inflation Rate, 5.30PM
EU - Eurozone's Inflation Rate, 6.00PM

M+ Online Technical Trading Stocks - 18 Dec 19

Stock Name: ZECON (7028)
Entry: Buy above RM0.575
Target: RM0.645 (12.2%), RM0.69 (20.0%)
Stop: RM0.53 (-7.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: NAIM (5073)
Entry: Buy above RM1.00
Target: RM1.12 (12.0%), RM1.17 (17.0%)
Stop: RM0.94 (-6.0%)
Shariah: Yes
Technical: Potential flag-formation breakout

Source: Bloomberg, M+ Online

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