YOUR MORNING COFFEE ' Thursday 29/11/2012
SUMMARYWall St closed 0.8% higher, focusing on the fiscal cliff. New home sales fell 0.3% from last month. US Fed Beige book reported a slow expansion in the 12 districts.
Dow of 12,985, is heading for a test on the overhead resistance of 13,290. RSI of 50, is recovering.
DOLLAR INDEX is lower at 80.3. Support is at 79.6.
Crude oil is lower at USD86.5. 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 USD1722. Support is at 1643.
Shanghai closed lower at 1973.
Singapore STI closed lower 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 higher at 1606. On the Daily chart, the oversold RSI of 28, 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 1600 and 1614.
CPO Feb futures is lower at RM2394. Support is at 2344.
Trading : TM (4863 : 5.50 ) : Targeting 5.85/Stop loss 5.36
Source:Jupiter Securities Research, 29 November 2012