Fool Trader KLSE Research
Daily Summary - 14 June 2012
YOUR MORNING COFFEE ' Thursday 14/6/2012
SUMMARY
- Wall St closed 0.6% lower, ahead of the Greek election Sunday, and reacting to the continuing drop in oil prices. Retail sales in May dipped 0.2%. Wholesale inflation, or producer price index dropped 1% in May.
- However, business inventories rose 0.4%.
- Dow of 12,496 is heading higher to test a resistance at 12,900. RSI of 48, is on a positive divergence, indicating a technical rebound.
- DOLLAR INDEX is lower at 82.0. Support is at 80.9.
- Crude oil is lower at USD82.6. Support is at 80.0.
- Dollar yen is lower at 79.4 yen. Upside is at 80.6.
- Euro/dollar is higher at 1.257. Resistance is at 1.283.
- Gold is higher at USD1616. Upside is at 1740.
- Shanghai closed higher at 2,318.
- Singapore STI closed lower at 2,787.
- Ringgit is weaker at 3.180. Downside is at 3.238.
- S'pore ringgit is lower at 2.475. Upside is at 2.520.
- Malaysian market closed unchanged 1576. On the Daily chart, it is expected to breach the Double top of 1582, to target 1591. Pullback support is at 1568. RSI of 54, remains positive. Today's range is between 1573 and 1583.
- CPO Aug futures is lower at RM2955. Upside is at 3288.
- Trading : MUHIBAH ( 5703 : 1.21 ) : Targeting 1.34/Stop loss 1.18, ENG ( 8826 : 1.95 ) : Targeting 2.12/Stop loss 1.91, MPHB (3859 : 3.44) : Stop loss raised to 3.38, from 3.10, UMW ( 4588 : 8.32 ) : Stop loss raised to 8.22, from 7.90
More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
2
save malaysia!
3
4
5
6
Koon Yew Yin's Blog
7
THE INVESTMENT APPROACH OF CALVIN TAN
8
Good Articles to Share
Le Pen makes new threat to withdraw support for French government
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
