Fool Trader KLSE Research
Daily Summary - 16 Oct 2012
YOUR MORNING COFFEE ' Tuesday 16/10/2012
SUMMARY
SUMMARY
- Wall St closed 0.7% higher, due to a sharp rise in retail sales, and higher earnings from Citigroup. Retail sales rose 1.1% in September. US Fed Empire State manufacturing index improved to minus 6.2,from minus 10.4.
- Dow of 13,424, may have completed its pullback, and is heading upwards to test 14,000. RSI of 50, is on the rise.
- DOLLAR INDEX is lower at 79.6. Resistance is at 80.8.
- Crude oil is lower at USD91.8. Resistance is at 96.6.
- Dollar yen is higher at 78.7 yen. Support is at 77.6.
- Euro/dollar is higher at 1.297. Support is at 1.2700.
- Gold is lower at USD1737. Support is at 1700.
- Shanghai closed lower at 2,098.
- Singapore STI closed higher at 3,047.
- Ringgit is firmer at 3.0560. Downside is at 3.09.
- S'pore ringgit is lower at 2.503. Upside is at 2.540.
- Malaysian market closed higher at 1654. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 57, is on a buy divergence. Today's range is between 1649 and 1659.
- CPO Dec futures is lower at RM2430. Support is at 2379.
- Trading : DIJACOR ( 5401 : 1.07 ) : Targeting 1.18, BHIC ( 8133 : 2.52 ) : Take profit, BORNOIL ( 7036 : 0.46 ) : Take profit, ADVENTA ( 7191 : 1.91 ) : Take profit
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