Fool Trader KLSE Research
Daily Summary - 16 Aug 2012
YOUR MORNING COFFEE ' Thursday 16/8/2012
SUMMARY
Source:Jupiter Securities Research 16 August 2012
SUMMARY
- Wall St closed 0.06% lower. The New York Fed Empire State manufacturing index fell to minus 5.85 in August. However, housing is showing signs of recovering, with builder confidence at its highest level in 5 years.
- Dow of 13,164 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 higher at 82.6. Upside is at 86.2.
- Crude oil is higher at USD94.3. Resistance is at 97.3.
- Dollar yen is higher at 79.1 yen. Resistance is at 80.0.
- Euro/dollar is lower at 1.230. Upside is at 1.262.
- Gold is higher at USD1604. Upside is at 1740.
- Shanghai closed lower at 2,118.
- Singapore STI closed lower at 3,063.
- Ringgit is weaker at 3.128. Downside is at 3.210.
- S'pore ringgit is lower at 2.502. Upside is at 2.540.
- Malaysian market closed higher at 1653. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 69, is rising. Today's range is between 1649 and 1659.
- CPO Oct futures is lower at RM2852. Resistance is at 3066.
- Trading : MEGB ( 5166 : 0.76 ) : Targeting 0.80/Stop loss 0.745, BINTAI ( 6998 : 0.39 ) : Targeting 0.46/Stop loss 0.36
Source:Jupiter Securities Research 16 August 2012
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