Fool Trader KLSE Research
Daily Summary - 26 Apr 2012
YOUR MORNING COFFEE ' Thursday 26/4/2012
SUMMARY
- Wall St closed 0.7% higher, boosted by US Fed's positive outlook on growth and employment. And Fed is ready to step in to support the economy. Good corporate earnings reports continued. The US FOMC
- left rates unchanged. Durable goods orders dipped 4.2%, worse than the expected 1.7% drop.
- Dow of 13,090 is resuming its upward push to 13,160, 13,266. RSI of 53, has recovered.
- DOLLAR INDEX is lower 79.0. Support is at 78.6.
- Crude oil is higher at USD103.7. Upside is at 108.0.
- Dollar yen is higher at 81.3 yen. Upside is at 82.6.
- Euro/dollar is higher at 1.322. Upside is at 1.346.
- Gold is higher at USD1643. Buy. It is about to resume its uptrend.
- Shanghai closed higher at 2,406.
- Singapore STI closed higher at 2,976.
- Ringgit is firmer at 3.054. Downside is at 3.110.
- S'pore ringgit is higher at 2.460. Resistance is at 2.480.
- Malaysian market closed lower at 1579. On the Daily chart, it is in a correction, with the upside capped at 1589. RSI of 43, is weakening. Support is at 1564. Today's range is between 1579 and 1589.
- CPO June futures is lower at RM3473. Support is at 3420.
- Trading : 3A ( 0012 : 1.27 ) : Take profit MPI ( 3867 : 2.93 ) : Accumulate/Stop loss 2.75, HWGB ( 9601 : 0.41 ) : Targeting 0.46/Stop loss 0.38 PERDANA ( 7108 : 0.60 ) : Targeting 0.72/Stop loss 0.58
Source:Jupiter Securities Research 26 April 2012
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