Fool Trader KLSE Research

Daily Summary - 10 Oct 2012

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Publish date: Wed, 10 Oct 2012, 10:15 AM
YOUR MORNING COFFEE ' Wednesday 10/10/2012

SUMMARY

  • Wall 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

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