Fool Trader KLSE Research

Daily Summary - 29 Nov 2012

fooltrader
Publish date: Thu, 29 Nov 2012, 09:17 AM
YOUR MORNING COFFEE ' Thursday 29/11/2012

SUMMARY

  • Wall 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

More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment