YOUR MORNING COFFEE ' Wednesday 10/10/2012
SUMMARYWall St closed 0.8% lower, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q'2012 earnings for S&P to decline 1.2%.
Dow of 13,473, is stabilising. Support is at 13,300. RSI of 52, is
weakening.
DOLLAR INDEX is higher at 80.0. Resistance is at 80.8.
Crude oil is higher at USD92.4. Resistance is at 96.6.
Dollar yen is lower at 78.3 yen. Support is at 77.6.
Euro/dollar is lower at 1.286. Support is at 1.2700.
Gold is lower at USD1763. Support is at 1700.
Shanghai closed higher at 2,115.
Singapore STI closed lower at 3,066.
Ringgit is weaker at 3.074. Downside is at 3.09.
S'pore ringgit is higher at 2.494. Upside is at 2.540.
Malaysian market closed higher at 1663. 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 RM2435. Resistance is at 2574.
Trading : FABER ( 1368 : 1.36 ) : Targeting 1.52/Stop loss 1.31, IJMLAND ( 5215 : 2.09 ) : Targeting 2.35/Stop loss 2.04, BHIC ( 8133 : 2.28 ) : Targeting 2.48/Stop loss 2.22, ETITECH ( 0118 : 0.10 ) : Targeting 0.13/Stop loss 0.085
Source:Jupiter Securities Research, 10 October 2012