Fool Trader KLSE Research
Daily Summary - 10 Aug 2012
YOUR MORNING COFFEE ' Friday 10/8/2012
SUMMARY
- Wall St closed 0.1% lower. Weekly initial jobless claims dipped to
- 361,000. US trade deficits narrowed to USD42.9bln in June. Wholesale
- inventories dipped 0.2%.
- Dow of 13,165 is heading for a retest on the previous high of 13,338.
- Support is at 12,800. RSI of 62, is rising.
- DOLLAR INDEX is higher at 82.6. Upside is at 86.2.
- Crude oil is lower at USD93.3. Resistance is at 97.3.
- Dollar yen is higher at 78.5 yen. Support is at 77.9.
- Euro/dollar is lower at 1.229. Upside is at 1.262.
- Gold is higher at USD1616. Upside is at 1740.
- Shanghai closed higher at 2,174
- Singapore STI closed lower at 3,052.
- Ringgit is weaker at 3.106. Downside is at 3.210.
- S'pore ringgit is lower at 2.493. Upside is at 2.540.
- Malaysian market closed higher at 1642. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 61, is neutral. Today's range is between 1637 and 1647.
- CPO Oct futures is higher at RM2871. Resistance is at 3066.
- Trading : GENM ( 4715 : 3.30 ) : Targeting 3.60/Stop loss 3.15, CSL ( 5214 : 1.02 ) : Targeting 1.22/Stop loss 0.94, SEAL ( 4286 : 0.53 ) : Targeting 0.61/Stop loss 0.51
Source:Jupiter Securities Research 10 August 2012
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