Dow Jones: 29,196.04 pts (-152.06pts, -0.52%)
U.S. stockmarkets resume trading in a downbeat manner as the Dow fell 0.5% on reports over the first coronavirus outbreak in the country. The immediate resistance is located at 29,500.
FBM KLCI: 1,587.33 pts (-1.55pts, -0.10%)
The FBM KLCI (-0.1%) extended its' losses in tandem with the weakness across Asia equities following the rising cases of coronavirus outbreak across the region. The immediate resistance is located at 1,600.
Crude Palm Oil: RM2,902 (-RM15, -0.52%)
Crude palm oil prices staged a mild pullback after recovering most of its' intraday losses, taking cue from the weakness in soybean oil prices, coupled with expectations over sluggish exports data. The immediate support is located around RM2,850.
WTI Crude Oil: $58.54 (-$0.20, -0.34%)
Crude oil prices trended lower as U.S. urged Libya to quickly restore their production. The immediate support is located at US$55.
Gold: $1,560.77 (-$1.88, -0.12%)
Gold prices retreated as the Greenback advanced against a basket of currencies. The immediate resistance is located around $1,600.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
MY - Malaysia's Bank Negara's Interest Rate Decision, 3.00PM
US - United States' Existing Home Sales, 11.00PM
M+ Online Technical Trading Stocks - 22 Jan 20
Stock Name: JFTECH (0146)
Entry: Buy above RM1.48
Target: RM1.61 (8.8%), RM1.70 (14.9%)
Stop: RM1.38 (-6.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: YSPSAH (7178)
Entry: Buy above RM2.37
Target: RM2.47 (4.2%), RM2.53 (6.8%)
Stop: RM2.27 (-4.2%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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