YOUR MORNING COFFEE ' Monday 5/11/2012
SUMMARYWall St closed 1.0% lower, on shift of focus to the US Presidential election, 6 November, and the concern over the fiscal cliff where tax hike and budget cuts kick in January 2013. In October, 171,000 jobs added vs expectation of 125,000.
Dow of 13,093, has found a support at 13,039. RSI of 38, is recovering.
DOLLAR INDEX is higher at 80.6. Resistance is at 82.0.
Crude oil is lower at USD84.8. Support is at 82.0.
Dollar yen is higher at 80.4 yen. Resistance is at 80.5.
Euro/dollar is lower at 1.282. Support is at 1.2750.
Gold is lower at USD1682. Support is at 1643.
Shanghai closed higher at 2,117.
Singapore STI closed higher at 3,040.
Ringgit is weaker at 3.061. Downside is at 3.09.
S'pore ringgit is lower at 2.50. Upside is at 2.540.
Malaysian market closed lower at 1656. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1648. RSI of 50, is down. Today's range is between 1652 and 1660.
CPO Jan futures is lower at RM2502. Support is at 2430.
Trading : ALAM ( 5115 : 0.73 ) : Targeting 0.86/Stop loss 0.71, MNRB ( 6459 : 2.97 ) : Targeting 3.21/Stop loss 2.85
Source:Jupiter Securities Research, 05 November 2012