YOUR MORNING COFFEE ' Monday 1/10/2012
SUMMARYWall St closed 0.4% lower as US manufacturing declining for the first time since Sep 2009. Chicago PMI, a measure of regional activity, dipped to 49.7.
Dow of 13,437, is slightly weak. Support is at 13,360. RSI of 55, is
neutral.
DOLLAR INDEX is higher at 80.1. Resistance is at 80.5.
Crude oil is higher at USD92.1. Resistance is at 96.0.
Dollar yen is higher at 78.0 yen. Support is at 77.6.
Euro/dollar is lower at 1.281. Support is at 1.260.
Gold is lower at USD1765. Support is at 1720.
Shanghai closed higher at 2,086.
Singapore STI closed lower at 3,058.
Ringgit is weaker at 3.074. Downside is at 3.09.
S'pore ringgit is higher at 2.501. Upside is at 2.540.
Malaysian market closed higher at 1636. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 51, is on a buy divergence. Today's range is between 1630 and 1647.
CPO Dec futures is lower at RM2588. Support is at 2569.
Trading : TM ( 4863 : 6.18 ) : Take profit, AFG ( 2488 : 4.09 ) : Targeting 4.35/Stop loss 4.00
Source:Jupiter Securities Research, 01 October 2012