Fool Trader KLSE Research
Daily Summary - 11 Oct 2012
YOUR MORNING COFFEE ' Thursday 11/10/2012
SUMMARY
Source:Jupiter Securities Research, 11 October 2012
SUMMARY
- Wall St closed 0.95% 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%. US Fed's Beige Book, an anecdotal account of business activity, showed economy expanded at a modest pace.
- Dow of 13,344, is on a small pullback. Support is at 13,250. RSI of 44,is weakening.
- DOLLAR INDEX is higher at 80.1. Resistance is at 80.8.
- Crude oil is lower at USD91.2. Resistance is at 96.6.
- Dollar yen is lower at 78.1 yen. Support is at 77.6.
- Euro/dollar is lower at 1.285. Support is at 1.2700.
- Gold is lower at USD1760. Support is at 1700.
- Shanghai closed higher at 2,119.
- Singapore STI closed lower at 3,037.
- Ringgit is weaker at 3.080. Downside is at 3.09.
- S'pore ringgit is higher at 2.540. Upside is at 2.540.
- Malaysian market closed lower at 1659. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 62, is on a buy divergence. Today's range is between 1656 and 1666.
- CPO Dec futures is higher at RM2450. Resistance is at 2574.
- Trading : HARBOUR ( 2062 : 0.99 ) : Targeting 1.10/Stop loss 0.95, SCOMIMR ( 7045 : 0.39 ) : Take profit, PERDANA ( 7108 : 0.88 ) : Targeting 1.04/Stop loss 0.85
Source:Jupiter Securities Research, 11 October 2012
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