Dow Jones: 28,515.45 pts (-36.08pts, -0.13%)
U.S. stockmarkets retreated from their all-time high levels as the Dow fell 0.1% on a muted trading session ahead of the mid-week Christmas break. The immediate resistance is located at 28,750.

FBM KLCI: 1,604.23 pts (-9.95pts, -0.62%)
The FBM KLCI (-0.6%) endured bouts of profit taking as the index lingered in the negative territory for the entire trading session on Christmas Eve. The immediate resistance is located at 1,620.

Crude Palm Oil: RM2,923 (+RM16, +0.55%)
Crude palm oil prices rebounded to close at fresh three-year high, boosted by the stronger crude oil prices. The immediate resistance is located around RM2,950.

WTI Crude Oil: $61.11 (+$0.17, +0.28%)
Crude oil prices extended their gains as concern the sluggish demand eased ahead of the impending signing of Phase One of Sino-U.S. trade agreement. The immediate resistance is located at US$64.

Gold: $1,499.84 (+$0.43, +0.03%)
Gold prices advanced for the third straight session as the bond market rallied, signalling stronger demand for safe haven assets. The immediate resistance is located around $1,550.

M+ Online Technical Trading Stocks - 26 Dec 19

Stock Name: SENDAI (5205)
Entry: Buy above RM0.405
Target: RM0.435 (7.4%), RM0.445 (9.9%)
Stop: RM0.385 (-4.9%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SALUTE (0183)
Entry: Buy above RM0.805
Target: RM0.895 (11.2%), RM0.95 (18.0%)
Stop: RM0.735 (-8.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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