Fool Trader KLSE Research

Daily Summary - 21 June 2012

fooltrader
Publish date: Thu, 21 Jun 2012, 08:34 AM
YOUR MORNING COFFEE ' Thursday 21/6/2012

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

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

Post a Comment