Dow Jones: 28,745.09 pts (+161.41pts, +0.56%)
U.S. stockmarkets recovered all their previous session's selldown as the Dow gained 0.6% after U.S. President Donald Trump reported that no U.S. casualties were sustained during the recent attacks in Iraq, brushing off further escalation. The immediate resistance is located at 29,000.

FBM KLCI: 1,589.10 pts (-21.94pts, -1.36%)
The FBM KLCI (-1.4%) took a dive alongside with the weakness across its' regional peers, spooked by the retaliation from Iran attacks against U.S. military base. The immediate resistance is located at 1,615.

Crude Palm Oil: RM3,041 (-RM1, -0.03%)
Crude palm oil prices closed on a flat note as gains were capped after India looks to curb import from Malaysia. The immediate support is located around RM3,000.

WTI Crude Oil: $59.61 (-$3.09, -4.95%)
Crude oil prices formed a bearish candle to close at its' lowest level since mid-December 2019 as U.S. President Donald Trump downplayed Iran missile attacks. The immediate support is located at US$58.

Gold: $1,556.42 (-$17.95, -1.14%)
Gold prices halted a seven-day winning streak amid the de-escalation of the possibility of war in the Middle East. The immediate support is located around $1,500.

Economic Releases:
EU - Eurozone's Unemployment Rate, 6.00PM

M+ Online Technical Trading Stocks - 9 Jan 20

Stock Name: TM (4863)
Entry: Buy above RM3.91
Target: RM4.14 (5.9%), RM4.30 (10.0%)
Stop: RM3.80 (-2.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GDB (0198)
Entry: Buy above RM0.595
Target: RM0.655 (10.1%), RM0.70 (17.6%)
Stop: RM0.54 (-9.2%)
Shariah: Yes
Technical: Hammer candle

Source: Bloomberg, M+ Online

Disclaimer

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.