YOUR MORNING COFFEE ' Wednesday 31/10/2012

SUMMARY

Wall St closed as hurricane Sandy lashes New York, which has declared a state of emergency. Personal spending rose 0.8% in September, higher than expected. Traders remain sidelines due to lacklustre corporate results, and ahead of US Presidential election, 6 November.
Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
DOLLAR INDEX is lower at 79.9. Resistance is at 80.4.
Crude oil is lower at USD85.5. Support is at 82.0.
Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
Euro/dollar is higher at 1.296. Support is at 1.2840.
Gold is higher at USD1711. Support is at 1643.
Shanghai closed higher at 2,062.
Singapore STI closed higher at 3,038.
Ringgit is firmer at 3.049. Downside is at 3.09.
S'pore ringgit is lower at 2.50. Upside is at 2.540.
Malaysian market closed higher at 1674. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 67, is on a buy divergence. Today's range is between 1670 and 1678.
CPO Jan futures is lower at RM2501. Support is at 2430.
Trading :

Source:Jupiter Securities Research,31 October 2012