YOUR MORNING COFFEE ' Monday 22/10/2012
SUMMARY
Wall St closed 1.5% lower, weighted by a slew of weak earnings reports. Existing home sales up 11% from a year earlier, better than expected.
Dow of 13,343, is on a small pullback. Support is at 13,253. RSI of 44,
is weakening.
DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
Crude oil is lower at USD90.0. Support is at 88.0.
Dollar yen is higher at 79.3 yen. Support is at 77.6.
Euro/dollar is lower at 1.302. Resistance is at 1.3400.
Gold is lower at USD1718. Support is at 1700.
Shanghai closed lower at 2,128.
Singapore STI closed lower at 3,052.
Ringgit is weaker at 3.0570. Downside is at 3.09.
- S'pore ringgit is higher at 2.4993. Upside is at 2.540.
Malaysian market closed higher at 1666. On the Daily chart, it is
targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today's range is between 1662 and 1672.
CPO Jan futures is higher at RM2511. Support is at 2316.
Trading : AIRASIA ( 5099 : 3.17 ) : Take profit, WTK ( 4243 : 1.10 ) : Take profit, MINHO ( 5576 : 0.59 ) : Targeting 0.66/Stop loss 0.57, PERISAI ( 0047 : 1.05 ) : Targeting 1.23/Stop loss 1.00
Source:Jupiter Securities Research, 22 October 2012