Fool Trader KLSE Research
Daily Summary - 30 Aug 2012
YOUR MORNING COFFEE ' Thursday 30/8/2012
SUMMARY
Source:Jupiter Securities Research 30 August 2012
SUMMARY
- Wall St closed 0.03% higher, as US Fed report showed pickup in regional activity in July-August. US pending home sales at the highest in 2 years. Market is awaiting Bernanke's speech Friday, for hint of quantitative easing, to fuel growth.
- Dow of 13,107, may stage a technical rebound following the past 3 days of drop. Resistance is at 13,338. RSI of 52, is recovering.
- DOLLAR INDEX is higher at 81.5. Downside is at 81.0.
- Crude oil is lower at USD95.5. Resistance is at 100.0.
- Dollar yen is higher at 78.7 yen. Support is at 77.4.
- Euro/dollar is lower at 1.253. Upside is at 1.262.
- Gold is lower at USD1656. Upside is at 1740.
- Shanghai closed lower at 2,053.
- Singapore STI closed higher at 3,045.
- Ringgit is weaker at 3.126. Downside is at 3.210.
- S'pore ringgit is higher at 2.496. Upside is at 2.540.
- Malaysian market closed lower at 1645. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1644. RSI of 60, is down. Today's range is between 1644 and 1654.
- CPO Nov futures is lower at RM2992. Resistance is at 3270.
- Trading : TAKASO ( 7071 : 0.25 ) : Take profit MBSB ( 1171 : 2.34 ) : Targeting 2.64/Stop loss 2.28, BKOON ( 7187 : 0.22 ) : Targeting 0.28/Stop loss 0.20
Source:Jupiter Securities Research 30 August 2012
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