Fool Trader KLSE Research
Daily Summary - 14 Aug 2012
YOUR MORNING COFFEE ' Tuesday 14/8/2012
SUMMARY
SUMMARY
- Wall St closed 0.3% lower, as weak growth is expected to hit global economy. Japan reported a weak growth of 0.3% in the 2nd quarter. EU is expected to report a lower growth Tuesday.
- Dow of 13,169 is heading for a retest on the previous high of 13,338.
- Support is at 13,100. RSI of 61, is rising.
- DOLLAR INDEX is lower at 82.4. Upside is at 86.2.
- Crude oil is lower at USD92.8. Resistance is at 97.3.
- Dollar yen is higher at 78.4 yen. Support is at 77.9.
- Euro/dollar is higher at 1.233. Upside is at 1.262.
- Gold is lower at USD1612. Upside is at 1740.
- Shanghai closed lower at 2,136.
- Singapore STI closed higher at 3,065.
- Ringgit is weaker at 3.125. Downside is at 3.210.
- S'pore ringgit is higher at 2.508. Upside is at 2.540.
- Malaysian market closed higher at 1646. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 66, is rising. Today's range is between 1643 and 1653.
- CPO Oct futures is lower at RM2835. Resistance is at 3066.
- Trading : PARKSON ( 5657 : 4.82 ) : Take profit, HIBISCS ( 5199 : 1.82 ) : Take profit, P&O ( 6009 : 1.22 ) : Targeting 1.30-1.40/Stop loss 1.15
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