Fool Trader KLSE Research

Daily Summary - 28 Nov 2012

fooltrader
Publish date: Wed, 28 Nov 2012, 11:25 AM
YOUR MORNING COFFEE ' Wednesday 28/11/2012

SUMMARY

  • Wall St closed 0.7% lower, focusing on the fiscal cliff and ignoring the positive housing and consumer confidence data. And the deal to avoid debt defaulting in Greece. Home prices gained 3.6%, the biggest increase since 2010.
  • Dow of 12,878, is on a small pullback, with a support of 12,700. RSI of 45, is recovering.
  • DOLLAR INDEX is higher at 80.4. Support is at 79.6.
  • Crude oil is lower at USD87.2. Resistance is at 93.0.
  • Dollar yen is higher at 82.1 yen. Support is at 81.0.
  • Euro/dollar is lower at 1.294. Resistance is at 1.302.
  • Gold is lower at USD1742. Support is at 1643.
  • Shanghai closed lower at 1991.
  • Singapore STI closed higher at 3,011.
  • Ringgit is firmer at 3.048. Downside is at 3.09.
  • S'pore ringgit is lower at 2.494. Upside is at 2.540.
  • Malaysian market closed lower at 1598. On the Daily chart, the oversold RSI of 17, points to a limited downside, and a likely technical
  • rebound to test the overhead resistance of 1644. Support is at 1595.
  • Today's range is between 1595 and 1605.
  • CPO Feb futures is lower at RM2410. Support is at 2344.
  • Trading : AXIATA ( 6888 : 5.62 ) : Targeting 6.00/Stop loss 5.40
Source:Jupiter Securities Research, 28 November 2012
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