Fool Trader KLSE Research

Daily Summary - 13 Sep 2012

fooltrader
Publish date: Thu, 13 Sep 2012, 09:41 AM
YOUR MORNING COFFEE ' Thursday 13/9/2012

SUMMARY
  • Wall St closed 0.1% higher ahead of US FOMC Thursday, which may announce QE3 or quantitative easing. The German Constitutional court ruled the legality of the bailout fund ESM, thus preserving the euro. Dow of 13,333, is on a technical rebound. Resistance is at 13,470. RSI of 61, is steady.
  • DOLLAR INDEX is lower at 79.7. Support is at 79.4.
  • Crude oil is lower at USD97.0. Resistance is at 100.0.
  • Dollar yen is lower at 77.8 yen. Support is at 77.4.
  • Euro/dollar is higher at 1.291. Upside is at 1.300.
  • Gold is higher at USD1733. Resistance is at 1790.
  • Shanghai closed higher at 2,126.
  • Singapore STI closed higher at 3,031.
  • Ringgit is firmer at 3.077. Downside is at 3.210.
  • S'pore ringgit is higher at 2.505. Upside is at 2.540.
  • Malaysian market closed lower at 1613. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1612. RSI of 33, is oversold. Today's range is between 1609 and 1622.
  • CPO Nov futures is higher at RM2922. Resistance is at 3270.
  • Trading : RHBCAP ( 1066 : 7.00 ) : Targeting 7.36/Stop loss 6.90, WTK ( 4243 : 1.03 ) : Targeting 1.13/Stop loss 0.99, SCOMI ( 7158 : 0.33 ) : Targeting 0.41/Stop loss 0.31

Source:Jupiter Securities Research 13 September 2012
More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment