Fool Trader KLSE Research
Daily Summary - 7 May 2012
YOUR MORNING COFFEE ' Monday 7/5/2012
SUMMARY
- Wall St closed 1.27% lower, reacting to the lower than expected jobs data. While unemployment dipped to 8.1%, there were 115,000 new jobs added, against expectation of 160,000 new jobs in April.
- Dow of 13,038 is heading lower, following the breach of the key support of 13,100. Support is at 12,534. Resistance is at 13,116. RSI of 47 is weakening.
- DOLLAR INDEX is higher at 80.0. Resistance is at 80.9.
- Crude oil is lower at USD98.4. Support is at 92.5.
- Dollar yen is lower at 79.8 yen. Downside is at 78.7.
- Euro/dollar is lower at 1.300. Support is at 1.282.
- Gold is higher at USD1645. Buy. It is about to resume its uptrend.
- Shanghai closed higher at 2,452.
- Singapore STI closed lower at 2,990.
- Ringgit is weaker at 3.064. Downside is at 3.110.
- S'pore ringgit is higher at 2.447. Upside is at 2.481.
- Malaysian market closed higher 1591. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1592. RSI of 53, is up. Stochastic is on an early buy. Support is at 1572. Today's range
- is between 1582 and 1592.
- CPO June futures is lower at RM3378. Support is at 3378.
- Trading : CRESBLD ( 8591 : 1.10 ) : Take profit, DAIBOCI ( 8125 : 2.86 ) : Targeting 3.14/Stop loss 2.78, UEMLAND ( 5148 : 2.12 ) : Targeting 2.35/Stop loss 2.05, TA ( 4898 : 0.57 ) : Targeting 0.72/Stop loss 0.55
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