YOUR MORNING COFFEE ' Wednesday 3/10/2012
SUMMARY
Wall St closed 0.2% lower, ahead of this Friday's employment data. Spain's banking woes also affected the market.
Dow of 13,482, is stabilising. Support is at 13,360. RSI of 57, is rebounding.
DOLLAR INDEX is lower at 79.8. Resistance is at 80.5.
Crude oil is lower at USD91.9. Resistance is at 96.0.
Dollar yen is higher at 78.2 yen. Support is at 77.6.
Euro/dollar is higher at 1.291. Support is at 1.260.
Gold is lower at USD1773. Support is at 1720.
Shanghai closed higher at 2,086.
Singapore STI closed higher at 3,080.
Ringgit is stronger at 3.056. Downside is at 3.09.
S'pore ringgit is lower at 2.482. Upside is at 2.540.
Malaysian market closed higher at 1651. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1645. RSI of 59, is on
a buy divergence. Today's range is between 1646 and 1656.
CPO Dec futures is lower at RM2344. Support is at 2330.
Trading : DIGI ( 6947 : 5.32 ) : Take profit, BORNOIL ( 7036 : 0.41 ) : Targeting 0.47/Stop loss 0.38, MEGB ( 5166 : 0.61 ) : Targeting 0.67/Stop loss 0.59
Source:Jupiter Securities Research, 03 October 2012