Fool Trader KLSE Research
Daily Summary - 2 Oct 2012
YOUR MORNING COFFEE ' Tuesday 2/10/2012
SUMMARY
Source:Jupiter Securities Research, 02 October 2012
SUMMARY
- Wall St closed 0.6% higher due to the strong manufacturing number.ISM manufacturing index rose to 51.5, the first expansion in 4 months.
- Dow of 13,515, is stabilising. Support is at 13,360. RSI of 59, is rebounding.
- DOLLAR INDEX is lower at 79.8. Resistance is at 80.5.
- Crude oil is higher at USD92.5. Resistance is at 96.0.
- Dollar yen is higher at 78.0 yen. Support is at 77.6.
- Euro/dollar is higher at 1.289. Support is at 1.260.
- Gold is higher at USD1778. Support is at 1720.
- Shanghai closed higher at 2,086.
- Singapore STI closed lower at 3,055.
- Ringgit is stronger at 3.060. Downside is at 3.09.
- S'pore ringgit is lower at 2.490. Upside is at 2.540.
- Malaysian market closed higher at 1643. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 56, is on a buy divergence. Today's range is between 1638 and 1648.
- CPO Dec futures is lower at RM2472. Support is at 2330.
- Trading : GENM ( 4715 : 3.58 ) : Buy below 3.50, UEMLAND ( 5148 : 1.71 ) : Targeting 1.95/Stop loss 1.65, MAYBANK ( 1155 : 9.08 ) : Targeting 9.40/Stop loss 8.94
Source:Jupiter Securities Research, 02 October 2012
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