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.
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....