Fool Trader KLSE Research
Fool Trader KLSE Research
YOUR MORNING COFFEE ' Thursday 18/10/2012
SUMMARY
Source:Jupiter Securities Research, 18 October 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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2012-10-18 14:53