Fool Trader KLSE Research
Daily Summary - 4 May 2012
YOUR MORNING COFFEE ' Friday 4/5/2012
SUMMARY
- Wall St closed 0.47% lower ahead of this Friday's employment figure, which is expected to show 160,000 new jobs in April. The weekly initial jobless claims improved, down to 365,000. However, ISM Service index dipped 53.5, from 56 the previous month.
- Dow of 13,206 is resuming its upward push to 13,595. Caution is on the key 13,100 support level. RSI of 55 has recovered.
- DOLLAR INDEX is higher at 79.2. Resistance is at 80.2.
- Crude oil is lower at USD102.5. Support is at 100.0.
- Dollar yen is higher at 80.2 yen. Downside is at 78.7.
- Euro/dollar is lower at 1.315. Support is at 1.301.
- Gold is lower at USD1634. Buy. It is about to resume its uptrend.
- Shanghai closed higher at 2,440.
- Singapore STI closed higher at 3,008.
- Ringgit is weaker at 3.037. Downside is at 3.110.
- S'pore ringgit is higher at 2.443. Downside is at 2.428.
- Malaysian market closed higher 1583. 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 1579 and 1589.
- CPO June futures is lower at RM3424. Support is at 3378.
- Trading : AIRASIA ( 5099 : 3.55 ) : Target revised to 4.00, MAS ( 3786 : 1.24 ) : Capped at 1.34, MAYBULK ( 5077 : 1.66 ) : Buy below 1.65, PUNCAK ( 6807 : 1.37 ) : Targeting 1.58/Stop loss 1.27
Source:Jupiter Securities Research 04 May 2012
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