Fool Trader KLSE Research

Daily Summary - 11 Sep 2012

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Publish date: Tue, 11 Sep 2012, 11:08 AM
YOUR MORNING COFFEE ' Tuesday 11/9/2012

SUMMARY
  • Wall St closed 0.4% lower ahead of a decision by the German Constitutional court Wednesday which could impact on the ECB's plans to preserve the euro. Then there is the bet on QE3 or quantitative easing move by US Fed Thursday.
  • Dow of 13,254, is on a technical rebound. Resistance is at 13,338. RSI of 58, is steady.
  • DOLLAR INDEX is higher at 80.4. Support is at 79.9.
  • Crude oil is higher at USD96.5. Resistance is at 100.0.
  • Dollar yen is lower at 78.2 yen. Support is at 77.4.
  • Euro/dollar is higher at 1.277. Upside is at 1.300.
  • Gold is lower at USD1728. Resistance is at 1790.
  • Shanghai closed higher at 2,134.
  • Singapore STI closed higher at 3,012.
  • Ringgit is weaker at 3.106. Downside is at 3.210.
  • S'pore ringgit is higher at 2.510. Upside is at 2.540.
  • Malaysian market closed lower at 1621. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1612. RSI of 35, is up. Today's range is between 1618 and 1630.
  • CPO Nov futures is higher at RM2927. Resistance is at 3270.
  • Trading : ITRONIC ( 9393 : 0.74 ) : Targeting 0.85/Stop loss 0.715, TWSCORP ( 4804 : 0.77 ) : Targeting 0.89/Stop loss 0.74, MISC ( 3816 : 4.20 ) : Targeting 4.50/Stop loss 4.00

Source:Jupiter Securities Research 11 September 2012

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