Fool Trader KLSE Research

Daily Summary - 28 May 2012

fooltrader
Publish date: Mon, 28 May 2012, 10:42 AM
YOUR MORNING COFFEE ' Monday 28/5/2012
SUMMARY

  • Wall St closed 0.6% lower, due to continuing concerns over a possible Greece exit from the eurozone, the contagion effects, and the Spanish banks. This was despite the 4 year high on the consumer sentiment index of 79.3.
  • Dow of 12,454 is on a technical rebound due to the oversold technicals. It has bottomed out at 12,311. RSI of 33, is oversold. Upside is at 12,940.
  • DOLLAR INDEX is lower at 82.1. Resistance is at 82.8.
  • Crude oil is higher at USD90.6. Support is at 88.5.
  • Dollar yen is higher at 79.6 yen. Upside is at 81.2.
  • Euro/dollar is lower at 1.257. Support is at 1.220.
  • Gold is higher at USD1575. Upside is at 1700.
  • Shanghai closed lower at 2,333.
  • Singapore STI closed lower at 2,772.
  • Ringgit is stronger at 3.144. Downside is at 3.200.
  • S'pore ringgit is lower at 2.464. Upside is at 2.481.
  • Malaysian market closed higher 1551. On the Daily chart, it is in for a technical rebound to 1567, due to the oversold technicals. RSI of 41, has started to recover. Stochastic has started to turn upwards.
  • Today's range is between 1544 and 1558.
  • CPO July futures is higher at RM3154. Support is at 3000.
  • Trading :
Source:Jupiter Securities Research 28 May 2012
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