Fool Trader KLSE Research
Daily Summary - 18 June 2012
YOUR MORNING COFFEE ' Monday 18/6/2012
SUMMARY
Source:Jupiter Securities Research 18 June 2012
SUMMARY
- Wall St closed 0.9% higher, ahead of the Greek election Sunday. According to official projection, pro-bailout parties, New Democracy and Pasok parties, lead the election. US Empire State manufacturing index dipped to 2.3, from 17.1. Consumer sentiment index dipped to 74.1.
- Dow of 12,767 is heading higher to test a resistance at 12,900. RSI of 57, is on a positive divergence, indicating a technical rebound.
- DOLLAR INDEX is lower at 81.3. Support is at 80.9.
- Crude oil is higher at USD84.0. Upside is at 90.0.
- Dollar yen is lower at 79.1 yen. Upside is at 80.6.
- Euro/dollar is higher at 1.270. Resistance is at 1.283.
- Gold is lower at USD1619. Upside is at 1740.
- Shanghai closed higher at 2,306.
- Singapore STI closed higher at 2,812.
- Ringgit is stronger at 3.141. Downside is at 3.238.
- S'pore ringgit is lower at 2.480. Upside is at 2.520.
- Malaysian market closed higher 1579. On the Daily chart, it is expected to breach the Double top of 1582, to target 1591. Pullback support is at 1568. RSI of 55, remains positive. Today's range is between 1576 and 1586.
- CPO Aug futures is lower at RM2840. Downside is at 2770.
- Trading : SUPERMX ( 7106 : 1.96 ) : Targeting 2.15/Stop loss 1.88, OLDTOWN ( 5201 : 1.65 ) : Targeting 1.74/Stop loss 1.51, TDM ( 2054 : 4.55 ) : Take profit
Source:Jupiter Securities Research 18 June 2012
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