Fool Trader KLSE Research
Daily Summary - 2 July 2012
YOUR MORNING COFFEE ' Monday 2/7/2012
SUMMARY
Source:Jupiter Securities Research 02 July 2012
SUMMARY
- Wall St closed 2.2% higher as EU has managed to agree on a deal to help recapitalisation of banks. Chicago PMI rose to 52.9. Consumer sentiment index dipped to 73.2.
- Dow of 12,880, is heading higher to target 13,300. RSI of 59, is on the
- rise.
- DOLLAR INDEX is lower at 81.7. Resistance is at 81.0.
- Crude oil is higher at USD84.9. Resistance is at 89.4.
- Dollar yen is higher at 79.7 yen. Upside is at 80.6.
- Euro/dollar is higher at 1.264. Resistance is at 1.310.
- Gold is higher at USD1598. Upside is at 1740.
- Shanghai closed higher at 2,225.
- Singapore STI closed higher at 2,884.
- Ringgit is firmer at 3.160. Downside is at 3.210.
- S'pore ringgit is lower at 2.494. Upside is at 2.520.
- Malaysian market closed higher at 1599. On the Daily chart, it is targeting 1614. Pullback support is at 1591. RSI of 60, remains positive. Today's range is between 1600 and 1614.
- CPO Aug futures is higher at RM3010. Upside is at 3211.
- Trading : MULPHA ( 3905 : 0.41 ) : Targeting 0.47/Stop loss 0.40, HAPSENG ( 3034 : 1.79 ) : Targeting 2.00/Stop loss 1.72
Source:Jupiter Securities Research 02 July 2012
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