Dow Jones: 28,538.44 pts (+76.30pts, +0.27%)
U.S. stockmarkets ended the year on a solid footing as the Dow gained 0.3% to mark 22.3% year-to-date gain in 2019 after the Purchasing Management Index rose to 48.9 in December 2019. The immediate resistance is located at 28,750.
FBM KLCI: 1,588.76 pts (-26.91pts, -1.67%)
The FBM KLCI (-1.7%) took a dive on the final trading day in 2019 as the key index slumped below the 1,600 psychological level as the key index recorded 6.0% Y.o.Y decline in 2019. The immediate resistance is located at 1,620.
Crude Palm Oil: RM3,052 (-RM76, -2.43%)
Crude palm oil prices halted a four-day winning streak on the weaker December 2019 exports data that fell 6.0% Y.o.Y. The immediate support is located around RM3,000.
WTI Crude Oil: $61.06 (-$0.62, -1.01%)
Crude oil prices extended its' losses after the Energy Information Administration reported that U.S. production level surged to its highest level at 12.7 mln barrels per day in October 2019. The immediate support is located at US$60.
Gold: $1,517.27 (+$2.11, +0.14%)
Gold prices advanced for the third straight session, lifted by the weaker Greenback against a basket of currencies. The immediate resistance is located around $1,550.
Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 5.00PM
UK - United Kingdom's Markit Manufacturing PMI, 5.30PM
US - United States' Markit Manufacturing PMI, 10.45PM

M+ Online Technical Trading Stocks - 2 Jan 20
Stock Name: DPHARMA (7148)
Entry: Buy above RM1.43
Target: RM1.48 (3.5%), RM1.55 (8.4%)
Stop: RM1.39 (-2.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MNRB (6459)
Entry: Buy above RM1.11
Target: RM1.17 (5.4%), RM1.19 (7.2%)
Stop: RM1.07 (-3.6%)
Shariah: No
Technical: Consolidation breakout
Source: Bloomberg, M+ Online

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