Dow Jones: 29,186.27 pts (-9.77pts, -0.03%)
U.S. stockmarkets finished on a mixed note as the Dow fell 0.03% on a series of mixed bag of corporate earnings, but the S&P 500 gained 0.1%, anchored by the technology sector. The immediate resistance is located at 29,500.

FBM KLCI: 1,577.98 pts (-9.35pts, -0.59%)
The FBM KLCI (-0.6%) bucked the positive performance across its' regional peers, weighed down by weakness in selected banking heavyweights yesterday. The immediate support is located at 1,570.

Crude Palm Oil: RM2,973 (+RM86, +2.98%)
Crude palm oil prices rebounded sharply on reports that China will continue to purchase the palm oil from Malaysia, refuting potential decline in demand from the U.S.-China trade deal. The immediate support is located around RM2,850.

WTI Crude Oil: $56.74 (-$1.60, -2.71%)
Crude oil prices extended its' losses on the rising U.S. stockpile data that triggered fresh concern over the oversupply condition. The immediate support is located at US$55.

Gold: $1,558.78 (+$0.61, +0.04%)
Gold prices staged a mild recovery as demand for safe haven assets saw mild improve in demand following the coronavirus outbreak. The immediate resistance is located around $1,600.

Economic Releases:
EU - Eurozone's European Central Bank Interest Rate Decision, 8.45PM

M+ Online Technical Trading Stocks - 23 Jan 20

Stock Name: REVENUE (0200)
Entry: Buy above RM1.40
Target: RM1.53 (9.3%), RM1.60 (14.3%)
Stop: RM1.31 (-6.4%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: INARI (0166)
Entry: Buy above RM1.77
Target: RM1.87 (5.6%), RM1.95 (10.2%)
Stop: RM1.70 (-4.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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