Fool Trader KLSE Research
Daily Summary - 22 Aug 2012
YOUR MORNING COFFEE ' Wednesday 22/8/2012
SUMMARY
Source:Jupiter Securities Research 22 August 2012
SUMMARY
- Wall St closed 0.5% lower. Consumer sentiment index rose to 73.6. Index of leading economic indicators rose 0.4%.
- Dow of 13,203 almost hit the previous high of 13,338, before pulling back. Technicals are now negative indicating a test on the 13,000 level. RSI of 59, is on a pullback.
- DOLLAR INDEX is lower at 81.9. Downside is at 81.0.
- Crude oil is higher at USD96.4. Resistance is at 97.3.
- Dollar yen is lower at 79.2 yen. Resistance is at 80.0.
- Euro/dollar is higher at 1.247. Upside is at 1.262.
- Gold is higher at USD1637. Upside is at 1740.
- Shanghai closed higher at 2,118.
- Singapore STI closed higher at 3,065.
- Ringgit is firmer at 3.122. Downside is at 3.210.
- S'pore ringgit is lower at 2.496. Upside is at 2.540.
- Malaysian market closed lower at 1649. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 63, is on a negative divergence. Today's range is between 1646 and 1656.
- CPO Oct futures is higher at RM2928. Resistance is at 3066.
- Trading :
Source:Jupiter Securities Research 22 August 2012
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