Fool Trader KLSE Research

Daily Summary - 27 Mac 2012

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Publish date: Tue, 27 Mar 2012, 12:01 PM
YOUR MORNING COFFEE ' Tuesday 27/3/2012


SUMMARY
'' Wall St closed 1.2% higher, as US Fed hinted on low interest rates prevailing, on comment of sustaining employment.
  • Dow of 13,241, has completed its small pullback at 13,002, indicating a resumption of upmove. The all time high is at 14,198. RSI of 63, has turned up. Caution is on the key support 12,860, which will be negative if breached.
  • Dollar Index is lower at 78.9. Downside is at 78.6.
  • Crude oil is higher at USD107.0. Support is at 103.0.
  • Dollar yen is higher at 82.8 yen. Support is at 81.9.
  • Euro/dollar is higher at 1.335. Upside is at 1.347.
  • Gold is higher at USD1685. Upside is at 1728.
  • Shanghai closed higher at 2,350.
  • Singapore STI closed lower at 2,982.
  • Ringgit is firmer at 3.066. Downside is at 3.110.
  • S'pore ringgit is higher at 2.440. Resistance is at 2.440.
  • Malaysian market closed lower at 1582. On the Daily chart, the upside of 1609 remains intact, with support at 1573. RSI of 60, is down. Stochastic is on a small pullback. Today's range is between 1578 and 1588.
  • CPO May futures is higher at RM3468. Resistance is at 3630.
  • Trading : PTGTIN ( 2208 : 0.325 ) : Consolidation breakout, AIRASIA ( 5099 : 3.46 ) : Limited downside, BTECH ( 0011 : 0.155 ) : Consolidation breakout, SILKHLD ( 5078 : 0.415 ) : Technical rebound
 Source:Jupiter Securities Research 27 March 2012
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