Fool Trader KLSE Research

Daily Summary - 4 Oct 2012

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Publish date: Fri, 05 Oct 2012, 10:42 AM
YOUR MORNING COFFEE ' Thursday 4/10/2012

SUMMARY

  • Wall St closed 0.1% higher, on the 162,000 jobs created in the private sector in Sept as reported by ADP. Focus is on this Friday's monthly job data.
  • Dow of 13,494, 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 USD88.1. Support is at 86.0.
  • Dollar yen is higher at 78.5 yen. Support is at 77.6.
  • Euro/dollar is higher at 1.291. 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 3,071.
  • Ringgit is weaker at 3.058. Downside is at 3.09.
  • S'pore ringgit is higher at 2.484. Upside is at 2.540.
  • Malaysian market closed lower at 1649. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 59, is on a buy divergence. Today's range is between 1646 and 1656.
  • CPO Dec futures is higher at RM2356. Support is at 2330.
  • Trading : RHBCAP ( 1066 : 7.32 ) : Take profit, MINHO ( 5576 : 0.59 ) : Take profit, ADVENTA ( 7191 : 1.86 ) : Buy below 1.83, GENM ( 4715 : 3.72 ) : Take profit

Source:Jupiter Securities Research 4 October 2012

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