Wall St closed 0.6% higher, on Bernanke's speech, and good corporate results. Bernanke said that risks to growth have heightened, and this, traders interpreted, means that quantitative measures have not being ruled out. June Industrial production rose 0.4%.
Dow of 12,805, is likely to test a resistance at 13,030. RSI of 55, is recovering.
DOLLAR INDEX is lower at 82.9. Downside is at 82.2.
Crude oil is higher at USD89.2. Resistance is at 90.0.
Dollar yen is higher at 79.0 yen. Support is at 78.4.
Euro/dollar is higher at 1.229. Upside is at 1.245.
Gold is lower at USD1584. Upside is at 1740.
Shanghai closed higher at 2,161.
Singapore STI closed higher at 3,014.
Ringgit is firmer at 3.160. Downside is at 3.210.
S'pore ringgit is lower at 2.508. Upside is at 2.540.
Malaysian market closed higher at 1639. On the Daily chart, it is targeting 1654. Pullback support is at 1624. RSI of 74, remains positive. Today's range is between 1637 and 1644.
CPO Sep futures is lower at RM3085. Support is at 2924.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....