Fool Trader KLSE Research
Daily Summary - 21 June 2012
YOUR MORNING COFFEE ' Thursday 21/6/2012
SUMMARY
Source:Jupiter Securities Research 21 June 2012
SUMMARY
- Wall St closed 0.1% lower, as the US Fed extended the current Operation Twist ' a process of lengthening the bond maturity ' to end of 2012. There is no aggressive bond buying policy. US Fed left rates unchanged. Oil price dipped on the news of higher weekly crude inventories, up 2.9 mln barrels.
- Dow of 12,824 is heading higher to test a resistance at 13,100. RSI of 58, is on a positive divergence, indicating a technical rebound.
- DOLLAR INDEX is higher at 81.5. Resistance is at 82.7.
- Crude oil is lower at USD81.8. Upside is at 90.0.
- Dollar yen is higher at 79.4 yen. Upside is at 80.6.
- Euro/dollar is higher at 1.268. Resistance is at 1.283.
- Gold is lower at USD1604. Upside is at 1740.
- Shanghai closed lower at 2,292.
- Singapore STI closed higher at 2,852.
- Ringgit is weaker at 3.165. Downside is at 3.20.
- S'pore ringgit is higher at 2.493. Upside is at 2.520.
- Malaysian market closed higher 1604. On the Daily chart, it is targeting 1604. Pullback support is at 1586. RSI of 66, remains positive. Today's range is between 1599 and 1609.
- CPO Aug futures is higher at RM3035. Upside is at 3211.
- Trading : CANONE ( 5105 : 2.34 ) : Take profit
- MRCB ( 1651 : 1.79 ) : Take profit, AZRB ( 7078 : 0.77 ) : Targeting 0.90/Stop loss 0.74, DIGI ( 6947 : 4.23 ) : Take profit
Source:Jupiter Securities Research 21 June 2012
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