Fool Trader KLSE Research
Daily Summary - 3 May 2012
YOUR MORNING COFFEE ' Thursday 3/5/2012
SUMMARY
Sourcs:Jupiter Securities Research 03 May 2012
SUMMARY
- Wall St closed 0.08% lower, on concern over weakening jobs market. Private payroll ADP reported that 119,000 jobs added in April, against expectation of 170,000. This Friday's employment figure is expected to show 160,000 new jobs in April.
- Dow of 13,268 is resuming its upward push to 13,595. Caution is on the key 13,100 support level. RSI of 59 has recovered.
- DOLLAR INDEX is higher at 79.1. Resistance is at 80.2.
- Crude oil is lower at USD105.2. Upside is at 108.0.
- Dollar yen is lower at 80.1 yen. Downside is at 78.7.
- Euro/dollar is lower at 1.315. Support is at 1.301.
- Gold is lower at USD1654. Buy. It is about to resume its uptrend.
- Shanghai closed higher at 2,438.
- Singapore STI closed higher at 2,999.
- Ringgit is firmer at 3.027. Downside is at 3.110.
- S'pore ringgit is lower at 2.440. Downside is at 2.428.
- Malaysian market closed higher 1582. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1592. RSI of 48, is up. Stochastic is on an early buy. Support is at 1572. Today's range
- is between 1577 and 1587.
- CPO June futures is lower at RM3453. Support is at 3420.
- Trading : BIMB ( 5258 : 2.67 ) : Targeting 2.94/Stop loss 2.54, E&O ( 3417 : 1.42 ) : Targeting 1.58/Stop loss 1.35, AWC ( 7579 : 0.29 ) : Targeting 0.36/Stop loss 0.27, UEMLAND ( 5148 : 2.10 ) : Targeting 2.26/Stop loss 2.02
Sourcs:Jupiter Securities Research 03 May 2012
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