Fool Trader KLSE Research

Daily Summary - 2 Oct 2012

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Publish date: Tue, 02 Oct 2012, 09:05 AM
YOUR MORNING COFFEE ' Tuesday 2/10/2012

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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