Dow Jones: 28,907.05 pts (+83.28pts, +0.29%)
U.S. stockmarkets rebounded as the Dow gained 0.3% on the simmering trade tension following U.S. decision to remove China as a currency manipulator in their watch list. The immediate resistance is located at 29,000.

FBM KLCI: 1,584.73 pts (-6.73pts, -0.42%)
The FBM KLCI (-0.5%) extended its' losses as the key index underperformed the regional peers on the back of weakness in selected banking and oil & gas shares yesterday. The immediate resistance is located at 1,600.

Crude Palm Oil: RM3,092 (-RM42, -1.34%)
Crude palm oil prices formed a bearish candle amid the strong Ringgit against the Greenback, coupled with the rising premium against soybean oil. The immediate support is located around RM3,000.

WTI Crude Oil: $58.08 (-$0.96, -1.62%)
Crude oil prices trended lower for the fifth straight session due to the rising production in U.S., coupled with the swelling stockpile in Asia. The immediate support is located at US$55.

Gold: $1,547.88 (-$14.46, -0.93%)
Gold prices erased all its' previous session losses as investors turned their attention to riskier assets amid the improving trade sentiment between U.S. and China. The immediate support is located around $1,500.

Economic Releases:
EU - Eurozone's Industrial Production, 6.00PM
US - United States' Inflation Rate, 9.30PM

M+ Online Technical Trading Stocks - 14 Jan 20

Stock Name: SCGM (7247)
Entry: Buy above RM1.59
Target: RM1.67 (5.0%), RM1.80 (13.2%)
Stop: RM1.54 (-3.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SKPRES (7155)
Entry: Buy above RM1.40
Target: RM1.52 (8.6%), RM1.57 (12.1%)
Stop: RM1.32 (-5.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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