Fool Trader KLSE Research

Daily Summary - 3 July 2012

fooltrader
Publish date: Tue, 03 Jul 2012, 01:27 PM
YOUR MORNING COFFEE ' Tuesday 3/7/2012

SUMMARY
  • Wall St closed 0.1% lower following the contraction of manufacturing for the first time in 3 years. ISM's PMI dipped to 49.7, from 53.5, in June. US construction spending increased 0.7% in May. Overall,market is likely to be quiet ahead of 4 July holiday, and job report Friday.
  • Dow of 12,871, is heading higher to target 13,300. RSI of 59, is on the rise.
  • DOLLAR INDEX is higher at 81.8. Resistance is at 81.0.
  • Crude oil is lower at USD83.7. Resistance is at 89.4.
  • Dollar yen is lower at 79.4 yen. Upside is at 80.6.
  • Euro/dollar is lower at 1.258. Resistance is at 1.310.
  • Gold is lower at USD1596. Upside is at 1740.
  • Shanghai closed higher at 2,226.
  • Singapore STI closed higher at 2,911.
  • Ringgit is firmer at 3.165. Downside is at 3.210.
  • S'pore ringgit is lower at 2.494. Upside is at 2.520.
  • Malaysian market closed higher at 1600. On the Daily chart, it is targeting 1614. Pullback support is at 1591. RSI of 60, remains positive. Today's range is between 1598 and 1608.
  • CPO Aug futures is higher at RM3056. Upside is at 3211.
  • Trading : UNISEM ( 5005 : 1.44 ) : Take profit ,KEURO ( 3565 : 1.05 ) : Targeting 1.16/Stop loss 1.00, DELEUM ( 5132 : 1.76 ) : Targeting 1.97/Stop loss 1.69, PERISAI ( 0047 : 0.87 ) : Targeting 0.96/Stop loss 0.85

Source:Jupiter Securities Research 03 July 2012


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