Fool Trader KLSE Research
Daily Summary - 8 May 2012
YOUR MORNING COFFEE ' Tuesday 8/5/2012
Source:Jupiter Securities Research 08 May 2012
SUMMARY
- Wall St closed 0.2% lower, recovering from the earlier sell off, as markets paused to digest the wind of change sweeping Europe. A new government in France. Uncertainty in Greece, due to lacking a majority in the recent election.
- Dow of 13,008 is heading lower, following the breach of the key support of 13,100. Support is at 12,534. Upside is capped at 13,116.
- RSI of 46 is weakening.
- DOLLAR INDEX is higher at 79.6. Resistance is at 80.9.
- Crude oil is lower at USD97.9. Support is at 92.5.
- Dollar yen is higher at 79.9 yen. Upside is at 81.0.
- Euro/dollar is higher at 1.305. Support is at 1.282.
- Gold is higher at USD1645. Buy. It is about to resume its uptrend.
- Shanghai closed lower at 2,451.
- Singapore STI closed lower at 2,928.
- Ringgit is weaker at 3.053. Downside is at 3.110.
- S'pore ringgit is higher at 2.450. Upside is at 2.481.
- Malaysian market closed lower 1584. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1592. RSI of 49, is down. Stochastic has started to turn down. Support is at 1572. Today's range is between 1579 and 1589.
- CPO June futures is lower at RM3361. Support is at 3319.
- Trading : RUBEREX ( 7803 : 0.62 ) : Take profit, PERMAJU ( 7080 : 0.73 ) : Take profit around 0.80/Stop loss 0.67
Source:Jupiter Securities Research 08 May 2012
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