Fool Trader KLSE Research

Daily Summary - 24 Sep 2012

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Publish date: Mon, 24 Sep 2012, 12:40 PM
YOUR MORNING COFFEE ' Monday 24/9/2012

SUMMARY
  • Wall St closed 0.13% lower, 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 13,579, is on a technical rebound. Resistance is at 13,924. RSI of 68, is overbought.
  • DOLLAR INDEX is higher at 79.4. Resistance is at 80.5.
  • Crude oil is higher at USD92.6. Support is at 87.0.
  • Dollar yen is lower at 78.1 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 higher at 2,026.
  • Singapore STI closed higher at 3,081.
  • Ringgit is stronger at 3.056. Downside is at 3.09.
  • S'pore ringgit is lower at 2.494. Upside is at 2.540.
  • Malaysian market closed lower at 1623. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1618. RSI of 42, is on a buy divergence. Today's range is between 1619 and 1631.
  • CPO Nov futures is lower at RM2737. Support is at 2700.
  • Trading : JOHOTIN ( 7167 : 2.06 ) : Targeting 2.36/Stop loss 1.94, INCKEN ( 2607 : 0.65 ) : Take profit, SYSCORP ( 5173 : 0.46 ) : Targeting 0.57
Source:Jupiter Securities Research 24 September 2012
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