Wall St closed 2.4% higher, on expectation of more stimulus for the global economy. There is also the support shown by the G-7, on the current debt crisis in the eurozone.
Dow of 12,414 is heading higher to test a resistance at 12,900. RSI of 43, is on a positive divergence, indicating a technical rebound.
DOLLAR INDEX is lower at 82.2. Support is at 81.0.
Crude oil is higher at USD85.0. Support is at 80.0.
Dollar yen is higher at 79.2 yen. Upside is at 80.0.
Euro/dollar is higher at 1.257. Resistance is at 1.278.
Gold is higher at USD1625. Upside is at 1700.
Shanghai closed lower at 2,309.
Singapore STI closed higher at 2,760.
Ringgit is firmer at 3.161. Downside is at 3.238.
S'pore ringgit is lower at 2.480. Upside is at 2.481.
Malaysian market closed higher 1569. On the Daily chart, a technical rebound to test 1591 is likely. RSI of 51, is neutral. Today's range is between 1570 and 1580.
CPO Aug futures is higher at RM3010. 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....