Dow Jones: 28,823.77 pts (-133.13pts, -0.46%)
U.S. stockmarkets staged a pullback from their all-time high levels as the Dow fell 0.5% on the back of the disappointing jobs data. The immediate resistance is located at 29,000.

FBM KLCI: 1,591.46 pts (-4.19pts, -0.26%)
The FBM KLCI (-0.3%) ended the week on a dour note, dragged down by the weakness in Petronas-related heavyweights on last Friday. The immediate resistance is located at 1,615.

Crude Palm Oil: RM3,134 (+RM24, +0.77%)
Crude palm oil prices advanced on the back of the bullish inventory data that recorded -11.0% M.o.M decline in December 2019. The immediate resistance is located around RM3,150.

WTI Crude Oil: $59.04 (-$0.05, -0.08%)
Crude oil prices extended its' losses to remain in the consolidation band. The immediate support is located at US$58.

Gold: $1,562.34 (-$4.10, -0.27%)
Gold prices rebounded after U.S. President Donald Trump announced fresh sanctions against Iran, re-igniting geopolitical tension in the Middle East. The immediate resistance is located around $1,600.

Economic Releases:
UK - United Kingdom's Industrial Production, 5.30PM
UK - United Kingdom's Manufacturing Production, 5.30PM

M+ Online Technical Trading Stocks - 13 Jan 20

Stock Name: VS (6963)
Entry: Buy above RM1.38
Target: RM1.51 (9.4%), RM1.59 (15.2%)
Stop: RM1.33 (-3.6%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: UNIMECH (7091)
Entry: Buy above RM1.29
Target: RM1.33 (3.1%), RM1.38 (7.0%)
Stop: RM1.25 (-3.1%)
Shariah: Yes
Technical: Monitor for breakout

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.