Fool Trader KLSE Research

Daily Summary - 7 Aug 2012

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Publish date: Tue, 07 Aug 2012, 09:57 AM
YOUR MORNING COFFEE ' Tuesday 7/8/2012

SUMMARY

  • Wall St closed 0.2% higher, continued to cheer on the strong jobs report. In July, 163,000 new jobs were added, against estimate of 95,000. Yields on Spanish and Italian bonds eased further.
  • Dow of 13,117 is heading for a retest on the previous high of 13,338. Support is at 12,800. RSI of 60, is rising.
  • DOLLAR INDEX is higher at 82.3. Upside is at 86.2.
  • Crude oil is higher at USD92.2. Resistance is at 93.6.
  • Dollar yen is lower at 78.1 yen. Support is at 77.9.
  • Euro/dollar is higher at 1.239. Upside is at 1.262.
  • Gold is higher at USD1611. Upside is at 1740.
  • Shanghai closed higher at 2,154
  • Singapore STI closed higher at 3,076.
  • Ringgit is weaker at 3.106. Downside is at 3.210.
  • S'pore ringgit is lower at 2.497. Upside is at 2.540.
  • Malaysian market closed higher at 1639. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 64, is up. Today's range is between 1635 and 1645.
  • CPO Oct futures is lower at RM2920. Resistance is at 3066.
  • Trading : KEURO ( 3565 : 1.14 ) : Take profit, MBL ( 5152 : 1.18 ) : Targeting 1.40/Stop loss 1.12, FAVCO ( 7229 : 1.62 ) : Targeting 1.82/Stop loss 1.52
Source:Jupiter Securities Research 07 August 2012

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