Dow Jones: 29,297.64 pts (+267.42pts, +0.92%)
U.S. stockmarkets rallied to close at fresh all-time high levels as the Dow jumped 0.9% following a new trade pact between U.S-Canada and Mexico, a series of strong corporate earnings and firm weekly jobs data. The immediate resistance is located at 29,500.

FBM KLCI: 1,587.88 pts (+2.74pts, +0.17%)
The FBM KLCI (+0.2%) extended its' gains, largely thanks to the eleventh hour buying support in selected index heavyweights yesterday. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,886 (-RM23, -0.79%)
Crude palm oil prices recorded its' fourth straight losing streak on concern over slowing demand from China following the U.S.-China trade deal that would see the latter increasing the purchase of agricultural products from U.S. The immediate support is located around RM2,850.

WTI Crude Oil: $58.52 (+$0.71, +1.23%)
Crude oil prices recovered all its' intraday losses on the back of potentially stronger demand arising from the U.S.-China trade pact. The immediate support is located at US$55.

Gold: $1,552.51 (-$3.74, -0.24%)
Gold prices retreated as demand for safe haven assets took a backseat. The immediate resistance is located around $1,600.

Economic Releases:
CN - China's 4Q2019 GDP Growth Rate, 10.00AM
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
UK - United Kingdom's Retail Sales, 5.30PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Industrial Production, 10.15PM
US - United States' Manufacturing Production, 10.15PM
 

M+ Online Technical Trading Stocks - 17 Jan 20

Stock Name: CCK (7035)
Entry: Buy above RM0.54
Target: RM0.58 (7.4%), RM0.595 (10.2%)
Stop: RM0.52 (-3.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: GAMUDA (5398)
Entry: Buy above RM4.00
Target: RM4.34 (8.5%), RM4.50 (12.5%)
Stop: RM3.880 (-3.0%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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