Fool Trader KLSE Research
Daily Summary - 19 Apr 2012
YOUR MORNING COFFEE ' Thursday 19/4/2012
SUMMARY
Source:Jupiter Securities Research 19 April 2012
SUMMARY
- Wall St closed 0.6% lower, led by IBM, Intel. And European concerns resurfaced following the release of data showing that Spanish banks held more problem loans than expected. Crude oil inventory rose slightly.
- Dow of 13,032 is on a technical rebound. It is testing the previous high of 13,297. RSI of 50, and Stochastic are recovering. Dollar index is unchanged at 79.5. Upside is at 80.8. Crude oil is lower at USD102.6. Upside is at 108.0.
- Dollar yen is higher at 81.2 yen. Upside is at 82.6.
- Euro/dollar is higher at 1.312. Upside is at 1.346.
- Gold is lower at USD1640. Buy. It is about to resume its uptrend.
- Shanghai closed higher at 2,380.
- Singapore STI closed higher at 2,998.
- Ringgit is weaker at 3.066. Downside is at 3.110.
- S'pore ringgit is higher at 2.453. Resistance is at 2.480.
- Malaysian market closed higher at 1598. On the Daily chart, it is in for a small technical rebound, as the RSI of 58 has gone neutral. Upside is at 1615. Today's range is between 1596 and 1606.
- CPO June futures is lower at RM3498. Support is at 3420.
- Trading : EAH ( 0154 : 0.19 ) : Targeting 0.235/stop loss 0.175, ASUPREM ( 7070 : 0.25 ) : Targeting 0.31/stop loss 0.22, FITTERS ( 9318 : 0.75 ) : Targeting 0.85/stop loss 0.71, MTRONIC ( 0043 : 0.20 ) : Targeting 0.26/stop loss 0.18
Source:Jupiter Securities Research 19 April 2012
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