Fool Trader KLSE Research

Daily Summary - 8 June 2012

fooltrader
Publish date: Fri, 08 Jun 2012, 09:35 AM
YOUR MORNING COFFEE ' Friday 8/6/2012

SUMMARY
  • Wall St closed 0.4% higher, following the 25 bp rate cut by China. However the rally fizzled after Bernanke gave no immediate plan for stimulus. Weekly initial jobless claims dipped to 377,000.
  • Dow of 12,460 is heading higher to test a resistance at 12,900. RSI of
  • 45, is on a positive divergence, indicating a technical rebound.
  • DOLLAR INDEX is lower at 82.2. Support is at 81.0.
  • Crude oil is lower at USD84.8. Support is at 80.0.
  • Dollar yen is higher at 79.6 yen. Upside is at 80.6.
  • Euro/dollar is lower at 1.255. Resistance is at 1.278.
  • Gold is lower at USD1589. Upside is at 1700.
  • Shanghai closed lower at 2,293.
  • Singapore STI closed lower at 2,756.
  • Ringgit is weaker at 3.172. Downside is at 3.238.
  • S'pore ringgit is lower at 2.480. Upside is at 2.481.
  • Malaysian market closed higher 1575. On the Daily chart, a technical rebound to test 1591 is likely. RSI of 51, is neutral. Today's range is between 1573 and 1583.
  • CPO Aug futures is lower at RM2960. Upside is at 3288.
  • Trading : UEMLAND ( 5148 : 1.96 ) : Targeting 2.19/Stop loss 1.90, FITTERS ( 9318 : 0.72 ) : Targeting 0.85/Stop loss 0.69

Source:Jupiter Securities Research 08 June 2012

More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment