Fool Trader KLSE Research
Daily Summary - 4 June 2012
YOUR MORNING COFFEE ' Monday 4/6/2012
SUMMARY
Source:Jupiter Securities Research 04 June 2012
SUMMARY
- Wall St closed 2.2% lower, due to an ugly jobs report. There were only 69,000 jobs added in May, far less than the 150,000 expectation. Unemployment nudged up to 8.2%. ISM's manufacturing index dipped
- to 54.5. Personal income and spending rose 0.2%.
- Dow of 12,118 is heading lower to test the previous low of 11,735. Support is at 11,525. RSI of 26, is oversold.
- DOLLAR INDEX is lower at 83.0. Resistance is at 85.0.
- Crude oil is lower at USD83.2. Support is at 80.0.
- Dollar yen is lower at 78.2 yen. Downside is at 76.0.
- Euro/dollar is higher at 1.241. Support is at 1.220.
- Gold is higher at USD1621. Upside is at 1700.
- Shanghai closed higher at 2,373.
- Singapore STI closed lower at 2,747.
- Ringgit is weaker at 3.20. Downside is at 3.238.
- S'pore ringgit is higher at 2.473. Upside is at 2.481.
- Malaysian market closed lower 1573. On the Daily chart, a pullback to test the support of 1544 is likely, as the Stochastic has just turned down. RSI of 54, is neutral. Today's range is between 1560 and 1570.
- CPO Aug futures is lower at RM3010. Upside is at 3288.
- Trading : TAGB ( 5158 : 0.275 ) : Targeting 0.34/Stop loss 0.26, BURSA ( 1818 : 6.05 ) : Targeting 6.40/Stop loss 5.85, BINTAI ( 6998 : 0.375 ) : Targeting 0.46/Stop loss 0.34
Source:Jupiter Securities Research 04 June 2012
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