Wall St closed 0.5% lower, weighted by the current uncertainties in the Eurozone. Doubt on Greece's debt repayment next month. The 0.5% growth in the 1Q'2012 in Germany provides the only sweet spot,
lifting the whole eurozone to 0.1%.
Dow of 12,632 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 13,050. Support remains at 12,534. RSI of
32 is weakening.
DOLLAR INDEX is higher at 81.2. Resistance is at 81.8.
Crude oil is lower at USD93.9. Support is at 92.5.
Dollar yen is higher at 80.3 yen. Upside is at 81.8.
Euro/dollar is lower at 1.273. Support is at 1.265.
Gold is lower at USD1543. Support is at 1485.
Shanghai closed lower at 2,374.
Singapore STI closed higher at 2,875.
Ringgit is weaker at 3.097. Downside is at 3.200.
S'pore ringgit is higher at 2.450. Upside is at 2.481.
Malaysian market closed lower 1561. On the Daily chart, the current correction is on 1543 support. RSI of 36, is weakening. Stochastic has started to turn downwards. Today's range is between 1556 and 1566.
CPO July futures is higher at RM3208. Support is at 3025.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....