Fool Trader KLSE Research
Daily Summary - 12 June 2012
YOUR MORNING COFFEE ' Tuesday 12/6/2012
SUMMARY
Source:Jupiter Securities Research 12 June 2012
SUMMARY
- Wall St closed 1.1% lower, on concern over the overall European debt crisis, despite the earlier news of Spain receiving a huge aid of up to 100bln euros. Worry ahead of the Greek election Sunday.
- Dow of 12,411 is heading higher to test a resistance at 12,900. RSI of 44, is on a positive divergence, indicating a technical rebound.
- DOLLAR INDEX is higher at 82.5. Support is at 80.9.
- Crude oil is lower at USD82.7. Support is at 80.0.
- Dollar yen is lower at 79.2 yen. Upside is at 80.6.
- Euro/dollar is lower at 1.247. Resistance is at 1.283.
- Gold is lower at USD1591. Upside is at 1740.
- Shanghai closed higher at 2,305.
- Singapore STI closed higher at 2,789.
- Ringgit is weaker at 3.184. Downside is at 3.238.
- S'pore ringgit is lower at 2.476. Upside is at 2.520.
- Malaysian market closed higher 1578. On the Daily chart, a technical rebound to test 1591 is likely. RSI of 56, is neutral. Today's range is between 1575 and 1585.
- CPO Aug futures is higher at RM2995. Upside is at 3288.
- Trading : YINSON ( 7293 : 2.13 ) : Take profit/limited upside, BINTAI ( 6998 : 0.42 ) : Take profit/Double top, COASTAL ( 5071 : 1.91 ) : Take profit/Double top, CENSOF (5195 : 0.37 ) : Targeting 0.41/Stop loss 0.35
Source:Jupiter Securities Research 12 June 2012
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