Dow Jones: 28,583.68 pts (-119.70pts, -0.42%)
U.S. stockmarkets retreated as the Dow fell 0.4% overnight amid the uncertainty surrounding the geopolitical developments in the Middle East. The immediate resistance is located at 29,000.

FBM KLCI: 1,611.04 pts (+13.28pts, +0.83%)
Tracking the recovery on Wall Street overnight, the FBM KLCI (+0.8%) rebounded as the key index formed a bullish harami candle yesterday. The immediate support is located at 1,590.

Crude Palm Oil: RM3,042 (RM0, 0.00%)
Crude palm oil prices finished on a flat note as gains were capped by the appreciation of Ringgit against the Greenback. The immediate support is located around RM3,000.

WTI Crude Oil: $62.70 (-$0.57, -0.91%)
Crude oil prices snapped a three-day winning streak as investors await for Iran's retaliation to the U.S. in coming days. The immediate support is located at US$60.

Gold: $1,574.37 (+$8.63, +0.55%)
Gold prices registered its' seventh consecutive winning streak as investors seek for safe haven assets from the renewed geopolitical uncertainty in the Middle East. The immediate resistance is located around $1,600.

Economic Releases:
EU - Eurozone's Business Confidence, 6.00PM
EU - Eurozone's Services Sentiment, 6.00PM
EU - Eurozone's Consumer Confidence, 6.00PM
EU - Eurozone's Economic Sentiment, 6.00PM
EU - Eurozone's Industrial Sentiment, 6.00PM

M+ Online Technical Trading Stocks - 8 Jan 20

Stock Name: KPOWER (7130)
Entry: Buy above RM1.45
Target: RM1.60 (10.3%), RM1.69 (16.6%)
Stop: RM1.34 (-7.6%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: KKB (9466)
Entry: Buy above RM1.45
Target: RM1.51 (4.1%), RM1.58 (9.0%)
Stop: RM1.40 (-3.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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