Fool Trader KLSE Research

Daily Summary - 26 Sept 2012

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Publish date: Wed, 26 Sep 2012, 09:59 AM
YOUR MORNING COFFEE ' Wednesday 26/9/2012

SUMMARY

  • Wall St closed 0.7% lower over worries about global growth, despite positive housing figures. S&P Case-Shiller index showed that home prices rose for the third month.
  • Dow of 13,457, is slightly weak. Support is at 13,400. RSI of 58, is weakening.
  • DOLLAR INDEX is higher at 79.7. Resistance is at 80.5.
  • Crude oil is lower at USD91.0. Support is at 87.0.
  • Dollar yen is lower at 77.7 yen. Support is at 77.6.
  • Euro/dollar is lower at 1.290. Resistance is at 1.320.
  • Gold is lower at USD1761. Support is at 1684.
  • Shanghai closed lower at 2,029.
  • Singapore STI closed higher at 3,071.
  • Ringgit is weaker at 3.073. Downside is at 3.09.
  • S'pore ringgit is lower at 2.500. Upside is at 2.540.
  • Malaysian market closed higher at 1618. 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 1614 and 1624.
  • CPO Dec futures is higher at RM2664. Support is at 2600.
  • Trading : SCOMI ( 7158 : 0.38 ) : Take profit, PCHEM ( 5183 : 6.40 ) : Targeting 6.71/Stop loss 6.21

Source:Jupiter Securities Research, 26 September 2012

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