Fool Trader KLSE Research

Daily Summary - 20 Nov 2012

fooltrader
Publish date: Tue, 20 Nov 2012, 10:05 AM
YOUR MORNING COFFEE ' Tuesday 20/11/2012

SUMMARY

  • Wall St closed 1.6% higher on optimism over resolving the fiscal cliff, as talks progressing nicely. Housing data also boosted market sentiment. Existing home sales rose 2.1%, better than expected. Market closed on Thursday for Thanksgiving.
  • Dow of 12,795, is heading for a test on the 13,290 resistance. RSI of 40, is recovering.
  • DOLLAR INDEX is lower at 80.8. Support is at 80.2.
  • Crude oil is higher at USD88.9. Resistance is at 93.0.
  • Dollar yen is higher at 81.4 yen. Resistance is at 81.8.
  • Euro/dollar is higher at 1.278. Support is at 1.2700.
  • Gold is higher at USD1731. Support is at 1643.
  • Shanghai closed higher at 2,016.
  • Singapore STI closed higher at 2,950.
  • Ringgit is firmer at 3.057. Downside is at 3.09.
  • S'pore ringgit is lower at 2.497. Upside is at 2.540.
  • Malaysian market closed lower at 1623. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 28, is
  • oversold. Today's range is between 1620 and 1630.
  • CPO Jan futures is higher at RM2430. Resistance is at 2630.
  • Trading : ASTRO ( 6399 : 2.71 ) : Take profit, MRCB ( 1651 : 1.77 ) : Targeting 1.94/Stop loss 1.70, ITRONIC ( 9393 : 0.42 ) : Targeting 0.52/Stop loss 0.38

Source:Jupiter Securities Research, 20 November 2012

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