YOUR MORNING COFFEE ' Thursday 22/11/2012
SUMMARY
Wall St closed 0.4% higher, ignoring Europe and the fiscal cliff, as it focused on jobs data. Weekly initial jobless claims of 410,000 were better than expected. Market closed on Thursday for Thanksgiving.
Dow of 12,836, is heading for a test on the 13,290 resistance. RSI of 42, is recovering.
DOLLAR INDEX is higher at 80.9. Support is at 80.2.
Crude oil is higher at USD86.9. Resistance is at 93.0.
Dollar yen is higher at 82.4 yen. Resistance is at 83.4.
Euro/dollar is higher at 1.285. Resistance is at 1.2900.
Gold is higher at USD1729. Support is at 1643.
Shanghai closed lower at 2,008.
Singapore STI closed higher at 2,958.
Ringgit is firmer at 3.060. Downside is at 3.09.
S'pore ringgit is lower at 2.498. Upside is at 2.540.
Malaysian market closed lower at 1622. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 27, is oversold. Today's range is between 1620 and 1630.
CPO Jan futures is lower at RM2408. Resistance is at 2630.
Trading : DAYANG ( 5141 : 2.34 ) : Take profit, PERISAI ( 0047 : 1.16 ) : Take profit, KBUNAI ( 3115 : 0.155 ) : Targeting 0.22/Stop loss 0.14
Source:Jupiter Securities Research, 22 November 2012