Fool Trader KLSE Research
Daily Summary - 5 June 2012
YOUR MORNING COFFEE ' Tuesday 5/6/2012
SUMMARY
Source:Jupiter Securities Research 05 June 2012
SUMMARY
- Wall St closed 0.14% lower, on concerns over global growth, and uncertainty plaguing the Eurozone. Factory orders dipped 0.6% in April, worse than expected.
- Dow of 12,101 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 82.5. Resistance is at 85.0.
- Crude oil is higher at USD83.9. Support is at 80.0.
- Dollar yen is higher at 78.3 yen. Downside is at 76.0.
- Euro/dollar is higher at 1.254. Support is at 1.220.
- Gold is higher at USD1621. Upside is at 1700.
- Shanghai closed lower at 2,308.
- Singapore STI closed lower at 2,703.
- Ringgit is firmer at 3.183. Downside is at 3.238.
- S'pore ringgit is lower at 2.478. Upside is at 2.481.
- Malaysian market closed lower 1555. On the Daily chart, a pullback to test the support of 1544 is likely, as the Stochastic has just turned down. RSI of 44, is weakening. Today's range is between 1552
- and 1562.
- CPO Aug futures is lower at RM2938. Upside is at 3288.
- Trading : MBSB ( 1171 : 2.22 ) : Take profit, SMI ( 4375 : 0.21 ) : Buy below 0.20/Stop loss 0.185 , KLCCP ( 5089 : 3.92 ) : Targeting 4.34/Stop loss 3.84
Source:Jupiter Securities Research 05 June 2012
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