Dow Jones: 29,160.09 pts (-26.18pts, -0.09%)
U.S. stockmarkets closed mixed as the Dow fell 0.1% on weakness from Travelers (-5.1%) due to weak corporate earnings, but the S&P 500 gained 0.1% after recovering all its' intraday losses. The immediate resistance is located at 29,500.

FBM KLCI: 1,574.44 pts (-3.54pts, -0.22%)
The FBM KLCI (-0.2%) trended lower for the fourth straight session, mirroring the weakness across its' regional peers yesterday. The immediate support is located at 1,570.

Crude Palm Oil: RM2,925 (-RM48, -1.61%)
Crude palm oil prices retreated due to lower petroleum prices, coupled with the outbreak of coronavirus may dent demand. The immediate support is located around RM2,850.

WTI Crude Oil: $55.59 (-$1.60, -2.69%)
Crude oil prices took another swipe lower for the third straight session on concen over demand due to the coronavirus outbreak. The immediate support is located at US$55.

Gold: $1,562.94 (+$4.16, +0.27%)
Gold prices extended its' gains as demand for safe haven assets rose. The immediate resistance is located around $1,600.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM

M+ Online Technical Trading Stocks - 24 Jan 20

Stock Name: SCIB (9237)
Buy above RM2.30
Target: RM2.50 (8.7%), RM2.65 (15.2%)
Stop: RM2.17 (-5.7%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: HUMEIND (5000)
Entry: Buy above RM1.36
Target: RM1.50 (10.3%), RM1.57 (15.4%)
Stop: RM1.25 (-8.1%)
Shariah: No
Technical: Pennant-formation breakout

Source: Bloomberg, M+ Online

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