Fool Trader KLSE Research
Daily Summary - 20 Sep 2012
YOUR MORNING COFFEE ' Thursday 20/9/2012
SUMMARY
Source:Jupiter Securities Research, 20 September 2012
SUMMARY
- Wall St closed 0.1% higher, as BOJ expanded asset purchasing by 10 trillion yen to 80 trillion yen, following in the footstep of the US Fed's QE3 or quantitative easing.
- Dow of 13,577, is on a technical rebound. Resistance is at 13,924. RSI of 69, is overbought.
- DOLLAR INDEX is lower at 79.1. Support is at 78.4.
- Crude oil is lower at USD92.0. Support is at 87.0.
- Dollar yen is lower at 78.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.305. Resistance is at 1.320.
- Gold is higher at USD1771. Support is at 1684.
- Shanghai closed higher at 2,067.
- Singapore STI closed higher at 3,081.
- Ringgit is stronger at 3.057. Downside is at 3.09.
- S'pore ringgit is lower at 2.497. Upside is at 2.540.
- Malaysian market closed higher at 1646. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1634. RSI of 56, is on a buy divergence. Today's range is between 1641 and 1651.
- CPO Nov futures is higher at RM2822. Resistance is at 3100.
- Trading : MRCB ( 1651 : 1.66 ) : Targeting 1.82/Stop loss 1.56, MINHO ( 5576 : 0.515 ) : Targeting 0.66/Stop loss 0.46, TAKASO ( 7071 : 0.26 ) : Targeting 0.31/Stop loss 0.23
Source:Jupiter Securities Research, 20 September 2012
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