YOUR MORNING COFFEE ' Friday 19/10/2012
SUMMARYWall St closed 0.06% lower, on weaker job data, and Google earnings. Weekly initial jobless claims rose to 388,000.
Dow of 13,548, may have completed its pullback, and is heading
upwards to test 14,000. RSI of 57, is on the rise.
DOLLAR INDEX is higher at 79.3. Support is at 78.7.
Crude oil is higher at USD92.1. Resistance is at 96.6.
Dollar yen is higher at 79.3 yen. Support is at 77.6.
Euro/dollar is lower at 1.307. Resistance is at 1.3400.
Gold is lower at USD1742. Support is at 1700.
Shanghai closed higher at 2,131.
Singapore STI closed higher at 3,057.
Ringgit is weaker at 3.0470. Downside is at 3.09.
S'pore ringgit is higher at 2.4990. Upside is at 2.540.
Malaysian market closed higher at 1665. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 63, is on a buy divergence. Today's range is between 1662 and 1672.
CPO Jan futures is higher at RM2482. Support is at 2316.
Trading : DIGISTA ( 0029 : 0.40 ) : Targeting 0.51/Stop loss 0.37, HARVEST ( 9342 : 0.38 ) : Targeting 0.46/Stop loss 0.35, DIGI ( 6947 : 5.48 ) : Targeting 5.90/Stop loss 5.40
Source:Jupiter Securities Research, 19 October 2012