Fool Trader KLSE Research

Fool Trader KLSE Research

fooltrader
Publish date: Thu, 18 Oct 2012, 12:30 PM
YOUR MORNING COFFEE ' Thursday 18/10/2012

SUMMARY

  • Wall St closed 0.04% higher, driven by the strong housing data. Housing starts up 15%, the strongest in 4 years.
  • Dow of 13,557, may have completed its pullback, and is heading
  • upwards to test 14,000. RSI of 58, 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 79.1 yen. Support is at 77.6.
  • Euro/dollar is higher at 1.311. Resistance is at 1.3400.
  • Gold is higher at USD1749. Support is at 1700.
  • Shanghai closed higher at 2,105.
  • Singapore STI closed higher at 3,051.
  • Ringgit is firmer at 3.0290. Downside is at 3.09.
  • S'pore ringgit is lower at 2.4880. Upside is at 2.540.
  • Malaysian market closed higher at 1660. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 61, is on a buy divergence. Today's range is between 1656 and 1666.
  • CPO Dec futures is lower at RM2430. Support is at 2379.
  • Trading : GADANG ( 9261 : 0.66 ) : Take profit, SKPRES ( 7155 : 0.38 ) : Take profit, UNISEM ( 5005 : 1.07 ) : Targeting 1.24/Stop loss 1.00

Source:Jupiter Securities Research, 18 October 2012
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1 person likes this. Showing 1 of 1 comments

lotsofmoney

A lot of facts and down to earth.

2012-10-18 14:53

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