Dow Jones: 28,956.90 pts (+211.81pts, +0.74%)
U.S. stockmarkets advanced to close at record high levels as the Dow gained 0.7%, lifted by the optimism over the impending Phase One trade deal between U.S. and China next week. The immediate resistance is located at 29,000.

FBM KLCI: 1,595.65 pts (+6.55pts, +0.41%)
The FBM KLCI (+0.4%) recovered some of its’ previous session losses in line with gains across the regional equities. The immediate resistance is located at 1,615.

Crude Palm Oil: RM3,110 (+RM69, +2.27%)
Crude palm oil prices advanced on expectations over rising demand after Indonesia reported to commence B40 Biodiesel road test in April 2020. The immediate resistance is located around RM3,150.

WTI Crude Oil: $59.56 (-$0.05, -0.08%)
Crude oil prices finished on a flat note as gains were capped by the simmering tension in the Middle East. The immediate support is located at US$58.

Gold: $1,552.32 (-$4.10, -0.26%)
Gold prices extended its' losses as demand for safe haven asset faded, coupled with the stronger Greenback against a basket of currencies. The immediate support is located around $1,500.

Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
US - United States' Unemployment Rate, 9.30PM

M+ Online Technical Trading Stocks - 10 Jan 20

Stock Name: SAMCHEM (5147)
Entry: Buy above RM0.69
Target: RM0.74 (7.2%), RM0.785 (13.8%)
Stop: RM0.65 (-5.8%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: SCOMNET (0001)
Entry: Buy above RM0.79
Target: RM0.88 (11.4%), RM0.91 (15.2%)
Stop: RM0.75 (-5.1%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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