Fool Trader KLSE Research

Daily Summary - 8 Oct 2012

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Publish date: Mon, 08 Oct 2012, 09:05 AM
YOUR MORNING COFFEE ' Monday 8/10/2012

SUMMARY

  • Wall St closed 0.25% higher, following a better than expected job data. In September, 114,000 jobs were added. Unemployment dipped to 7.8%.
  • Dow of 13,610, is stabilising. Support is at 13,360. RSI of 64, is
  • rebounding.
  • DOLLAR INDEX is lower at 79.4. Support is at 78.7.
  • Crude oil is lower at USD89.9. Resistance is at 96.0.
  • Dollar yen is higher at 78.7 yen. Support is at 77.6.
  • Euro/dollar is higher at 1.301. Resistance is at 1.329.
  • Gold is lower at USD1777. Resistance is at 1900.
  • Shanghai closed higher at 2,086.
  • Singapore STI closed higher at 3,107.
  • Ringgit is weaker at 3.063. Downside is at 3.09.
  • S'pore ringgit is higher at 2.490. Upside is at 2.540.
  • Malaysian market closed lower at 1660. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 63, 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 : GOLSTA ( 7105 : 0.90 ) : Take profit, IJM ( 3336 : 4.96 ) : Take profit, LATEXX ( 7064 : 1.79 ) : Take profit, KNM ( 7164 : 0.71 ) : Take profit
Source:Jupiter Securities Research 08 October 2012

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