Dow Jones: 28,455.09 pts (+78.13pts, +0.28%)
U.S. stockmarkets closed at  another fresh record high level as the Dow gained 0.3% after the final reading of 3Q2019 GDP came unchanged at +2.1% Y.o.Y. The immediate resistance is located at 28,500.

FBM KLCI: 1,610.18 pts (+14.17pts, +0.89%)
Window dressing activities continue to spur the FBM KLCI (+0.9%) as the key index finished at its's highest level in four months. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,912 (+RM38, +1.32%)
Crude palm oil prices advanced to close at fresh three-year high, mirroring the rally in soybean oil prices. The immediate resistance is located around RM2,950.

WTI Crude Oil: $60.44 (-$0.74, -1.21%)
Crude oil prices retreated on the back of higher U.S. weekly rig count. The immediate resistance is located at US$64.

Gold: $1,481.64 (+$3.40, +0.23%)
Gold prices rose, but formed a shooting star candle as gains were capped by the stronger Greenback against a basket of currencies. The immediate resistance is located around $1,500.

Economic Releases:
US - United States' New Home Sales, 11.00PM

M+ Online Technical Trading Stocks - 23 Dec 19

Stock Name: IJM (3336)
Entry: Buy above RM2.22
Target: RM2.37 (6.8%), RM2.51 (13.1%)
Stop: RM2.11 (-5.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: IFCAMSC (0023)
Entry: Buy above RM0.485
Target: RM0.54 (11.3%), RM0.57 (17.5%)
Stop: RM0.45 (-7.2%)
Shariah: No
Technical: Resistance breakout

Source: Bloomberg, M+ Online

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