Dow Jones: 28,939.67 pts (+32.62pts, +0.11%)
U.S. stockmarkets closed on a mixed note overnight as the Dow gained 0.1%, but the S&P 500 fell 0.2% after U.S. President Donald Trump re-iterated that Chinese goods worth US$250.0 bln are still subjected to tariffs in 2020. The immediate resistance is located at 29,000.

FBM KLCI: 1,580.60 pts (-4.13pts, -0.26%)
The FBM KLCI (-0.3%) trended lower for the third straight session, weighed down by weakness in selected banking heavyweights yesterday. The immediate resistance is located at 1,600.

Crude Palm Oil: RM3,005 (-RM87, -2.81%)
Crude palm oil prices extended its' losses, mirroring the weakness in soybean oil prices, coupled with the stronger Ringgit against the Greenback. The immediate support is located around RM3,000.

WTI Crude Oil: $58.23 (+$0.15, +0.26%)
Crude oil prices snapped a five-day losing streak on expectations over improve demand on the trade pact between Washington and Beijing. The immediate support is located at US$55.

Gold: $1,546.39 (-$1.49, -0.10%)
Gold prices staged a mild pullback as investors turned their focus on the impending U.S.-China partial trade agreement. The immediate support is located around $1,500.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
US - United States' Producer Price Index, 9.30PM

M+ Online Technical Trading Stocks - 15 Jan 20

Stock Name: SCICOM (0099)
Entry: Buy above RM1.20
Target: RM1.30 (8.3%), RM1.38 (15.0%)
Stop: RM1.12 (-6.7%)
Shariah: No
Technical: Monitor for breakout

Stock Name: MMSV (0113)
Entry: Buy above RM0.775
Target: RM0.845 (9.0%), RM0.905 (16.8%)
Stop: RM0.71 (-8.4%)
Shariah: Yes
Technical: Resistance breakout

Source: Bloomberg, M+ Online

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