Fool Trader KLSE Research
Daily Summary - 9 Aug 2012
YOUR MORNING COFFEE ' Thursday 9/8/2012
SUMMARY
SUMMARY
- Wall St closed 0.05% higher. Labour costs rose 1.7%, higher than the expected 0.4%. Productivity increased 1.6%, in line with expectation. Dow of 13,175 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 82.3. Upside is at 86.2.
- Crude oil is lower at USD93.3. Resistance is at 97.3.
- Dollar yen is lower at 78.4 yen. Support is at 77.9.
- Euro/dollar is lower at 1.238. Upside is at 1.262.
- Gold is higher at USD1613. Upside is at 1740.
- Shanghai closed higher at 2,160
- Singapore STI closed lower at 3,050.
- Ringgit is weaker at 3.103. Downside is at 3.210.
- S'pore ringgit is lower at 2.493. Upside is at 2.540.
- Malaysian market closed higher at 1635. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 58, is neutral. Today's range is between 1632 and 1642.
- CPO Oct futures is lower at RM2891. Resistance is at 3066.
- Trading : HARBOUR ( 2062 : 0.96 ) : Targeting 1.10/Stop loss 0.93
- KFM ( 8303 : 0.465 ) : Targeting 0.53/Stop loss 0.44, BORNOIL ( 7036 : 0.51 ) : Targeting 0.60/Stop loss 0.46, WCT ( 9679 : 2.53 ) : Targeting 2.95/Stop loss 2.42
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