Fool Trader KLSE Research

Daily Summary - 24 July 2012

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Publish date: Tue, 24 Jul 2012, 08:57 AM
YOUR MORNING COFFEE ' Tuesday 24/7/2012

SUMMARY

  • Wall St closed 0.8% lower, as concerns over the Europe debt crisis remain. Spain may need a full blown bailout.
  • Dow of 12,721, has hit a support at 12,583, indicating a limited downside. Resistance is at 13,030. RSI of 49, is neutral.
  • DOLLAR INDEX is unchanged at 83.6. Upside is at 84.2.
  • Crude oil is lower at USD87.9. Resistance is at 93.6.
  • Dollar yen is lower at 78.3 yen. Support is at 78.0.
  • Euro/dollar is lower at 1.212. Upside is at 1.245.
  • Gold is lower at USD1577. Upside is at 1740.
  • Shanghai closed lower at 2,141.
  • Singapore STI closed lower at 2,978.
  • Ringgit is weaker at 3.177. Downside is at 3.210.
  • S'pore ringgit is higher at 2.520. Upside is at 2.540.
  • Malaysian market closed lower at 1636. On the Daily chart, it is targeting 1654. Pullback support is at 1624. RSI of 66, is weakening.
  • Today's range is between 1634 and 1644.
  • CPO Sep futures is lower at RM2968. Support is at 2924.
  • Trading :

Source:Jupiter Securities Research 24 July 2012

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