Fool Trader KLSE Research
Daily Summary - 17 Oct 2012
YOUR MORNING COFFEE ' Wednesday 17/10/2012
Source:Jupiter Securities Research, 17 October 2012
SUMMARY
- Wall St closed 0.9% higher, driven by solid corporate earnings data. CPI rose 0.6%, higher than expected.
- Dow of 13,551, may have completed its pullback, and is heading upwards to test 14,000. RSI of 57, is on the rise.
- DOLLAR INDEX is lower at 79.1. Support is at 78.7.
- Crude oil is higher at USD92.1. Resistance is at 96.6.
- Dollar yen is higher at 78.7 yen. Support is at 77.6.
- Euro/dollar is higher at 1.309. Resistance is at 1.3400.
- Gold is higher at USD1750. Support is at 1700.
- Shanghai closed lower at 2,098.
- Singapore STI closed lower at 3,042.
- Ringgit is firmer at 3.0460. Downside is at 3.09.
- S'pore ringgit is lower at 2.4980. Upside is at 2.540.
- Malaysian market closed lower at 1653. 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 1650 and 1660.
- CPO Dec futures is higher at RM2436. Support is at 2379.
- Trading : MUHIBAH ( 5703 : 0.92 ) : Targeting 1.00/Stop loss 0.90
- DAYANG ( 5141 : 2.20 ) : Targeting 2.40/Stop loss 2.10
- GPACKET ( 0082 : 0.54 ) : Targeting 0.70/Stop loss 0.48
Source:Jupiter Securities Research, 17 October 2012
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