Dow Jones: 28,868.80 pts (+330.36pts, +1.16%)
U.S. stockmarkets rallied overnight as the Dow jumped 1.2% following the decision by China's central bank to reduce the reserve requirement ratio by 0.5% to boost economic growth. The immediate resistance is located at 29,000.

FBM KLCI: 1,602.50 pts (+13.74pts, +0.86%)
The FBM KLCI (+0.9%) started off the year on a lively note as the key index recovered some of its' previous session losses to form a bullish harami candle yesterday. The immediate resistance is located at 1,620.

Crude Palm Oil: RM3,130 (+RM78, +2.56%)
Crude palm oil prices rallied after India announced to cut import tax by 2.5% for CPO and 5% for refined CPO. The immediate resistance is located around RM3,200.

WTI Crude Oil: $61.18 (+$0.12, +0.20%)
Crude oil prices rebounded to close mildly higher on the back of OPEC output cut. The immediate support is located at US$60.

Gold: $1,529.13 (+$11.84, +0.78%)
Gold prices registered its' fourth straight win on the back of weaker U.S. Dollar against a basket of currencies. The immediate resistance is located around $1,550.

Economic Releases:
EU - Eurozone's Markit Composite PMI, 5.00PM
EU - Eurozone's Markit Services PMI, 5.00PM
EU - Eurozone's Producer Price Index, 6.00PM
US - United States' ISM Manufacturing PMI, 11.00PM

M+ Online Technical Trading Stocks - 3 Jan 20
Stock Name: OPCOM (0035)
Entry: Buy above RM0.72
Target: RM0.805 (11.8%), RM0.84 (16.7%)
Stop: RM0.675 (-6.2%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: JOHOTIN (7167)
Entry: Buy above RM1.75
Target: RM1.85 (5.7%), RM1.89 (8.0%)
Stop: RM1.71 (-2.3%)
Shariah: Yes
Technical: Flag-formation breakout
Source: Bloomberg, M+ Online

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.