YOUR MORNING COFFEE ' Tuesday 25/9/2012
SUMMARYWall St closed 0.15% lower, due to fear over the global business climate. Germany's business climate index dipped to its lowest level since February 2010.
Dow of 13,558, is on a technical rebound. Resistance is at 13,924. RSI of 66, is overbought.
DOLLAR INDEX is higher at 79.5. Resistance is at 80.5.
Crude oil is lower at USD91.6. Support is at 87.0.
Dollar yen is lower at 77.8 yen. Support is at 77.6.
Euro/dollar is lower at 1.294. Resistance is at 1.320.
Gold is lower at USD1764. Support is at 1684.
Shanghai closed higher at 2,033.
Singapore STI closed lower at 3,071.
Ringgit is weaker at 3.072. Downside is at 3.09.
S'pore ringgit is higher at 2.502. Upside is at 2.540.
Malaysian market closed lower at 1612. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1618. RSI of 38, is on a buy divergence. Today's range is between 1608 and 1619.
CPO Dec futures is lower at RM2644. Support is at 2600.
Trading : TM ( 4863 : 5.86 ) : Targeting 6.10/Stop loss 5.76, SIME ( 4197 : 9.75 ) : Targeting 11.20/Stop loss 9.40
Source:Jupiter Securities Research,25 September 2012