Fool Trader KLSE Research
Daily Summary - 22 June 2012
YOUR MORNING COFFEE ' Friday 22/6/2012
SUMMARY
Source:Jupiter Securities Research 22 June 2012
SUMMARY
- Wall St closed 1.9% lower, ahead of an imminent downgrade on banks by Moody's. Weekly initial jobless claims rose to 387,000. Leading economic indicators rose 0.3%. Philadelphia's Fed's manufacturing index dipped 16.6%.
- Dow of 12,573 is on a pullback support of 12,365. RSI of 48, is weakening.
- DOLLAR INDEX is higher at 82.2. Resistance is at 83.1.
- Crude oil is lower at USD77.8. Support is at 75.6.
- Dollar yen is higher at 80.1 yen. Upside is at 80.6.
- Euro/dollar is lower at 1.255. Support is at 1.232.
- Gold is lower at USD1566. Upside is at 1740.
- Shanghai closed lower at 2,260.
- Singapore STI closed lower at 2,829.
- Ringgit is weaker at 3.191. Downside is at 3.210.
- S'pore ringgit is higher at 2.497. Upside is at 2.520.
- Malaysian market closed lower 1601. On the Daily chart, it is targeting 1604. Pullback support is at 1586. RSI of 64, remainspositive. Today's range is between 1593 and 1600.
- CPO Aug futures is lower at RM3005. Upside is at 3211.
- Trading : PARAMON ( 1724 : 1.78 ) : Targeting 2.00/Stop loss 1.70, MAYBULK, ( 5077 : 1.58 ) : Buy below 1.55/Stop loss 1.52
Source:Jupiter Securities Research 22 June 2012
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