Fool Trader KLSE Research

Daily Summary - 5 Oct 2012

fooltrader
Publish date: Fri, 05 Oct 2012, 11:32 AM
YOUR MORNING COFFEE ' Friday 5/10/2012

SUMMARY

  • Wall St closed 0.6% higher, following the ECB's reiteration of commitment to bond buying program. Weekly initial jobless claims rose to 367,000. Focus is on this Friday's monthly job data.
  • Dow of 13,575, is stabilising. Support is at 13,360. RSI of 62, is rebounding.
  • DOLLAR INDEX is lower at 79.4. Support is at 78.7.
  • Crude oil is higher at USD91.7. Resistance is at 96.0.
  • Dollar yen is higher at 78.5 yen. Support is at 77.6.
  • Euro/dollar is higher at 1.301. Resistance is at 1.329.
  • Gold is higher at USD1792. Resistance is at 1900.
  • Shanghai closed higher at 2,086.
  • Singapore STI closed lower at 3,071.
  • Ringgit is stronger at 3.048. Downside is at 3.09.
  • S'pore ringgit is higher at 2.484. Upside is at 2.540.
  • Malaysian market closed higher at 1661. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 64, is on a buy divergence. Today's range is between 1658 and 1668.
  • CPO Dec futures is higher at RM2356. Support is at 2330.
  • Trading : SCIENTX ( 4731 : 2.54 ) : Targeting 2.94/Stop loss 2.46
  • GOLSTA ( 7105 : 0.78 ) : Targeting 0.89/Stop loss 0.68, NAIM ( 5073 : 1.85 ) : Targeting 2.11/Stop loss 1.79, KIMLUN ( 5171 : 1.32 ) : Targeting 1.44/Stop loss 1.28

Source:Jupiter Securities Research 5 October 2012

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