YOUR MORNING COFFEE ' Thursday 25/10/2012
SUMMARYWall St closed 0.2% lower, as traders remained sideline. US FOMC was as expected, with no change in policy. New home sales rose 5.7% to a 2 year high.
Dow of 13,077, is on a pullback. Support is at 12,977. RSI of 33, is approaching oversold.
DOLLAR INDEX is higher at 79.9. Resistance is at 80.4.
Crude oil is lower at USD85.3. Support is at 82.0.
Dollar yen is higher at 79.9 yen. Resistance is at 80.2.
Euro/dollar is lower at 1.297. Resistance is at 1.3400.
Gold is lower at USD1707. Support is at 1643.
Shanghai closed higher at 2,115.
Singapore STI closed lower at 3,048.
Ringgit is firmer at 3.054. Downside is at 3.09.
S'pore ringgit is lower at 2.500. Upside is at 2.540.
Malaysian market closed higher at 1667. On the Daily chart, it is
targeting 1710 over a longer term. Support is at 1660. RSI of 64, is on
a buy divergence. Today's range is between 1664 and 1674.
CPO Jan futures is higher at RM2564. Support is at 2316.
Trading : UEMLAND ( 5148 : 2.15 ) : Take profit, TEBRAU ( 1589 : 0.71 ) : Targeting 0.80/Stop loss 0.67, KUB ( 6874 : 0.50 ) : Targeting 0.57/Stop loss 0.48
Source:Jupiter Securities Research, 25 October 2012