Fool Trader KLSE Research
Daily Summary - 14 May 2012
YOUR MORNING COFFEE ' Monday 14/5/2012
Source:Jupiter Securities Research
SUMMARY
- Wall St closed 0.27% lower, led by the banking sector, after JP Morgan reported a USD2bln trading loss. Consumer sentiment index rose to 77.8, the highest since January 2008.
- Dow of 12,820 is heading lower, following the breach of the key support of 13,100. A technical rebound is possible due to the oversold level. Upside is capped at 13,110. Support remains at 12,534. RSI of 39 is weakening.
- DOLLAR INDEX is higher at 80.4. Resistance is at 81.5.
- Crude oil is lower at USD96.1. Support is at 92.5.
- Dollar yen is higher at 80.0 yen. Upside is at 81.0.
- Euro/dollar is lower at 1.290. Support is at 1.282.
- Gold is lower at USD1580. Support is at 1544.
- Shanghai closed lower at 2,394.
- Singapore STI closed lower at 2,888.
- Ringgit is firmer at 3.070. 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 neutral. Stochastic is overbought. Support is at 1572. Today's range is between 1580 and 1590.
- CPO June futures is lower at RM3303. Support is at 3225.
- Trading : TM ( 4863 : 5.43 ) : Targeting 5.80/Stop loss 5.33, MEGB ( 5166 : 1.05 ) : Targeting 1.18/Stop loss 1.00, DIALOG ( 7277 : 2.24 ) : Targeting 2.52/Stop loss 2.16, LFECORP ( 7170 : 0.145 ) : Targeting 0.21/Stop loss 0.125
Source:Jupiter Securities Research
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