Fool Trader KLSE Research

Daily Summary - 28 Sep 2012

fooltrader
Publish date: Fri, 28 Sep 2012, 10:38 AM
YOUR MORNING COFFEE ' Friday 28/9/2012

SUMMARY

  • Wall St closed 0.5% higher after Spain released its 2012 Budget, signalling the willingness to move forward. Weekly initial jobless claims dipped to 359,000, the lowest since July.
  • Dow of 13,485, is slightly weak. Support is at 13,400. RSI of 58, is neutral.
  • DOLLAR INDEX is lower at 79.6. Resistance is at 80.5.
  • Crude oil is higher at USD91.8. Resistance is at 96.0.
  • Dollar yen is lower at 77.6 yen. Support is at 77.6.
  • Euro/dollar is higher at 1.291. Resistance is at 1.320.
  • Gold is higher at USD1776. Support is at 1720.
  • Shanghai closed higher at 2,056.
  • Singapore STI closed higher at 3,060.
  • Ringgit is firmer at 3.069. Downside is at 3.09.
  • S'pore ringgit is higher at 2.503. Upside is at 2.540.
  • Malaysian market closed higher at 1627. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 48, is on a buy divergence. Today's range is between 1624 and 1634.
  • CPO Dec futures is lower at RM2594. Support is at 2569.
  • Trading : HARTA ( 5168 : 4.35 ) : Targeting 4.70/Stop loss 4.20, IJM ( 3335 : 4.73 ) : Targeting 5.00/Stop loss 4.62,
Source:Jupiter Securities Research, 28 September 2012


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

Post a Comment