Dow Jones: 28,376.96 pts (+137.68pts, +0.49%)
U.S. stockmarkets closed at fresh record high levels as investors brushed off U.S. President Donald Trump impeachment as turned their focus on the Sino-U.S. trade progress as the Dow rose 0.5% overnight. The immediate resistance is located at 28,500.

FBM KLCI: 1,596.01 pts (-3.10pts, -0.19%)
The FBM KLCI (-0.2%) staged a mild pullback alongside with the weakness across regional peers on profit taking activities in selected index heavyweights yesterday. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,874 (+RM16, +0.56%)
Crude palm oil prices recovered all its' intraday losses to form a hammer candle on concern over potentially lower supply in coming months, coupled with the higher consumption from the B40 biodiesel mandate in Indonesia. The immediate resistance is located around RM2,900.

WTI Crude Oil: $61.18 (+$0.25, +0.41%)
Crude oil prices advanced to three-months high amid optimism over stronger demand from the positive Sino-U.S. trade pact. The immediate resistance is located at US$64.

Gold: $1,478.80 (+$3.40, +0.23%)
Gold prices rebounded amid the sluggish U.S. manufacturing data and the weaker-than-expected jobs data. The immediate resistance is located around $1,500.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 12.00PM
UK - United Kingdom's 3Q2019 GDP Growth Rate, 5.30PM
UK - United Kingdom's Retail Sales, 5.30PM
US - United States' 3Q2019 GDP Growth Rate, 9.30PM

M+ Online Technical Trading Stocks - 20 Dec 19

Stock Name: FGV (5222)
Entry: Buy above RM1.40
Target: RM1.50 (7.1%), RM1.56 (11.4%)
Stop: RM1.35 (-3.6%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: TM (4863)
Entry: Buy above RM3.87
Target: RM3.99 (3.1%), RM4.14 (7.0%)
Stop: RM3.76 (-2.8%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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