Fool Trader KLSE Research
Daily Summary - 9 Oct 2012
YOUR MORNING COFFEE ' Tuesday 9/10/2012
Source:Jupiter Securities Research, 9 October 2012
SUMMARY
- Wall St closed 0.2% lower, on worries over slowing growth. World Bank lowered Asia growth to 7.2% this year, and possibly 5% next year. Market is cautious ahead of the earnings results season starting this week.
- Dow of 13,583, is stabilising. Support is at 13,360. RSI of 61, is rebounding.
- DOLLAR INDEX is higher at 79.5. Support is at 78.7.
- Crude oil is lower at USD89.3. Resistance is at 96.0.
- Dollar yen is lower at 78.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.298. Resistance is at 1.329.
- Gold is lower at USD1777. Resistance is at 1900.
- Shanghai closed lower at 2,074.
- Singapore STI closed lower at 3,074.
- Ringgit is weaker at 3.065. Downside is at 3.09.
- S'pore ringgit is higher at 2.494. 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 1656 and 1666.
- CPO Dec futures is lower at RM2392. Support is at 2330.
- Trading : KUCHAI ( 2186 : 1.06 ) : Targeting 1.27/Stop loss 0.98, CIMB ( 1023 : 7.76 ) : Targeting 8.20/Stop loss 7.64, KLCCP ( 5089 : 6.16 ) : Targeting 6.52/Stop loss 6.04
Source:Jupiter Securities Research, 9 October 2012
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