Fool Trader KLSE Research
Daily Summary - 4 July 2012
YOUR MORNING COFFEE ' Wednesday 4/7/2012
Source:Jupiter Securities Research 04 July 2012
SUMMARY
- Wall St closed 0.5% higher due to strong auto sales, and a 0.7% increase in factory orders. Focus is on this Friday's jobs report.
- Dow of 12,943 is heading higher to target 13,300. RSI of 61, is on the
- rise.
- DOLLAR INDEX is higher at 81.8. Resistance is at 81.0.
- Crude oil is higher at USD87.6. Resistance is at 89.4.
- Dollar yen is higher at 79.8 yen. Upside is at 80.6.
- Euro/dollar is higher at 1.260. Resistance is at 1.310.
- Gold is higher at USD1620. Upside is at 1740.
- Shanghai closed higher at 2,229.
- Singapore STI closed higher at 2,939.
- Ringgit is firmer at 3.146. Downside is at 3.210.
- S'pore ringgit is lower at 2.492. Upside is at 2.520.
- Malaysian market closed higher at 1607. On the Daily chart, it is targeting 1614. Pullback support is at 1591. RSI of 61, remains positive. Today's range is between 1604 and 1614.
- CPO Aug futures is higher at RM3104. Upside is at 3211.
- Trading : ALAM ( 5115 : 0.55 ) : Targeting 0.65/Stop loss 0.52, PADINI ( 7052 : 1.85 ) : Targeting 2.09/Stop loss 1.82, HARVEST ( 9342 : 0.47 ) : Targeting 0.64/Stop loss 0.42
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