Fool Trader KLSE Research
Daily Summary - 31 July 2012
YOUR MORNING COFFEE ' Tuesday 31/7/2012
SUMMARY
Source:Jupiter Securities Research 31 July 2012
SUMMARY
- Wall St closed 0.02% lower, on cautious expectation of hope that central banks in Europe and US will take steps to support the economy this week. US Fed will meet Wednesday, and ECB on Thursday.
- Dow of 13,073, is heading for a retest on the previous high of 13,338. RSI of 62, is on the rise.
- DOLLAR INDEX is up at 82.8. Upside is at 86.2.
- Crude oil is lower at USD89.8. Resistance is at 93.6.
- Dollar yen is lower at 78.1 yen. Support is at 77.9.
- Euro/dollar is lower at 1.226. Upside is at 1.245.
- Gold is higher at USD1622. Upside is at 1740.
- Shanghai closed lower at 2,109.
- Singapore STI closed higher at 3,028.
- Ringgit is firmer at 3.149. Downside is at 3.210.
- S'pore ringgit is lower at 2.526. Upside is at 2.540.
- Malaysian market closed higher at 1632. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1590-1610. RSI of 59, is up. Today's range is between 1628 and 1638.
- CPO Sep futures is higher at RM2959. Support is at 2924.
- Trading : KIANJOO ( 3522 : 2.60 ) : Targeting 2.90/Stop loss 2.50 YTLLAND ( 2577 : 1.11 ) : Take profit, BRDB ( 1473 : 2.53 ) : Targeting 2.74/Stop loss 2.48, OLDTOWN ( 5201 : 1.99 ) : Take profit
Source:Jupiter Securities Research 31 July 2012
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