Dow Jones: 28,239.28 pts (-27.88pts, -0.10%)
U.S. stockmarkets retreated overnight as the Dow slipped into the negative territory in the eleventh trading hour, before closing 0.1% lower on U.S. President Donald Trump impeachment. The immediate resistance is located at 28,500.

FBM KLCI: 1,599.11 pts (+22.16pts, +1.41%)
The FBM KLCI (+1.4%) rallied on window dressing activities, coupled with clearer details on phase one of Sino-U.S. trade pact. The immediate support is located at 1,560.

Crude Palm Oil: RM2,858 (-RM20, -0.69%)
Crude palm oil prices retreated in tandem with the decline in petroleum prices, coupled with the concern over export demand. The immediate support is located around RM2,800.

WTI Crude Oil: $60.93 (-$0.01, -0.02%)
Crude oil prices halted a four-day winning streak, despite the surprise drawdown in U.S. inventory level. The immediate resistance is located at US$64.

Gold: $1,475.40 (-$0.82, -0.06%)
Gold prices finished mildly lower on the rising Greenback against a basket of currencies. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
UK - United Kingdom's Bank of England's Interest Rate Decision, 8.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 8.00PM
US - United States' Existing Home Sales, 11.00PM

M+ Online Technical Trading Stocks - 19 Dec 19

Stock Name: SPSETIA (8664)
Entry: Buy above RM1.38
Target: RM1.45 (5.1%), RM1.50 (8.7%)
Stop: RM1.33 (-3.6%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: PCCS (6068)
Entry: Buy above RM0.42
Target: RM0.44 (4.8%), RM0.465 (10.7%)
Stop: RM0.40 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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