YOUR MORNING COFFEE ' Monday 19/11/2012
SUMMARYWall St closed 0.4% higher, on positive comments from lawmakers on the fiscal cliff negotiations but remained cautious ahead of an actual deal.
Dow of 12,588, is on a support at 12,398. RSI of 28, is oversold.
DOLLAR INDEX is higher at 81.1. Resistance is at 82.0.
Crude oil is higher at USD86.6. Support is at 82.2.
Dollar yen is higher at 81.5 yen. Resistance is at 81.8.
Euro/dollar is lower at 1.276. Support is at 1.2700.
Gold is higher at USD1717. Support is at 1643.
Shanghai closed lower at 2,014.
Singapore STI closed lower at 2,945.
Ringgit is weaker at 3.071. Downside is at 3.09.
S'pore ringgit is lower at 2.501. Upside is at 2.540.
Malaysian market closed lower at 1629. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1624. RSI of 30, is oversold. Today's range is between 1626 and 1636.
CPO Jan futures is lower at RM2396. Resistance is at 2630.
Trading :
Source:Jupiter Securities Research, 19 November 2012