Fool Trader KLSE Research

Daily Summary - 21 Sep 2012

fooltrader
Publish date: Fri, 21 Sep 2012, 08:48 AM
YOUR MORNING COFFEE ' Friday 21/9/2012

SUMMARY

  • Wall St closed 0.14% higher, a pause following the recent US Fed's QE3. HSBC reported that manufacturing in China continued to contract for the 11th month. Weekly US initial jobless claims dipped to 382,000.
  • Dow of 13,596, is on a technical rebound. Resistance is at 13,924. RSI of 69, is overbought.
  • DOLLAR INDEX is higher at 79.4. Support is at 78.4.
  • Crude oil is lower at USD91.8. Support is at 87.0.
  • Dollar yen is lower at 78.3 yen. Support is at 77.6.
  • Euro/dollar is lower at 1.297. Resistance is at 1.320.
  • Gold is lower at USD1770. Support is at 1684.
  • Shanghai closed lower at 2,024.
  • Singapore STI closed lower at 3,064.
  • Ringgit is weaker at 3.057. Downside is at 3.09.
  • S'pore ringgit is higher at 2.501. Upside is at 2.540.
  • Malaysian market closed lower at 1625. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1618. RSI of 43, is on a buy divergence. Today's range is between 1622 and 1632.
  • CPO Nov futures is lower at RM2781. Support is at 2700.
  • Trading : FAVCO ( 7229 : 1.80 ) : Take profit, POHKONG ( 5080 : 0.51 ) : Buy below 0.50

Source:Jupiter Securities Research, 21 September 2012


More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment