Fool Trader KLSE Research

Daily Summary - 26 July 2012

fooltrader
Publish date: Thu, 26 Jul 2012, 03:13 PM
YOUR MORNING COFFEE ' Thursday 26/7/2012

SUMMA
RY
  • Wall St closed 0.5% higher, but concerns over the Europe debt crisis remain. New home sales fell 8.4% in June, from the May's two year high.
  • Dow of 12,676, has hit a support at 12,521, indicating a limited
  • downside. Resistance is at 13,030. RSI of 48, is neutral.
  • DOLLAR INDEX is down at 83.6. Upside is at 86.2.
  • Crude oil is higher at USD88.7. Resistance is at 93.6.
  • Dollar yen is lower at 78.1 yen. Support is at 77.9.
  • Euro/dollar is higher at 1.213. Upside is at 1.245.
  • Gold is higher at USD1602. Upside is at 1740.
  • Shanghai closed lower at 2,136.
  • Singapore STI closed lower at 2,990.
  • Ringgit is firmer at 3.172. Downside is at 3.210.
  • S'pore ringgit is higher at 2.524. Upside is at 2.540.
  • Malaysian market closed higher at 1635. On the Daily chart, it is targeting 1654. Pullback support is at 1624. RSI of 62, is weakening.
  • Today's range is between 1629 and 1639.
  • CPO Sep futures is lower at RM2910. Support is at 2924.
  • Trading : BGYEAR ( 7023 : 0.59 ) : Take profit OLDTOWN ( 5201 : 1.76 ) : Buy below 1.70

Source:Jupiter Securities Research 26 July 2012

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