YOUR MORNING COFFEE ' Tuesday 6/11/2012
SUMMARYWall St closed 0.15% higher, 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. ISM services index dipped to 54.2, lower than expected.
Dow of 13,112, has found a support at 13,039. RSI of 39, is recovering.
DOLLAR INDEX is higher at 80.7. Resistance is at 82.0.
Crude oil is higher at USD85.6. Support is at 82.0.
Dollar yen is lower at 80.2 yen. Resistance is at 80.5.
Euro/dollar is lower at 1.280. Support is at 1.2750.
Gold is higher at USD1686. Support is at 1643.
Shanghai closed lower at 2,114.
Singapore STI closed lower at 3,031.
Ringgit is weaker at 3.065. Downside is at 3.09.
S'pore ringgit is higher at 2.504. Upside is at 2.540.
Malaysian market closed lower at 1654. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1648. RSI of 44, is down. Today's range is between 1650 and 1660.
CPO Jan futures is lower at RM2411. Support is at 2320.
Trading : BRIGHT ( 9938 : 1.63 ) : Take profit, TMCLIFE ( 0101 : 0.335 ) : Tight stop loss 0.32
Source:Jupiter Securities Research, 06 November 2012