Wall St closed 0.03% higher as it remained on the fiscal cliff. In October, personal income was unchanged and, personal spending dipped 0.2%. Chicago PMI improved to 50.4.
Dow of 13,025, is heading for a test on the overhead resistance of 13,290. RSI of 52, is recovering.
DOLLAR INDEX is higher at 80.2. Support is at 79.6.
Crude oil is higher at USD88.9. Resistance is at 93.0.
Dollar yen is higher at 82.4 yen. Support is at 81.0.
Euro/dollar is higher at 1.299. Resistance is at 1.302.
Gold is lower at USD1716. Support is at 1643.
Shanghai closed higher at 1980.
Singapore STI closed higher at 3,069.
Ringgit is firmer at 3.037. Downside is at 3.09.
S'pore ringgit is lower at 2.489. Upside is at 2.540.
Malaysian market closed higher at 1610. On the Daily chart, the oversold RSI of 34, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today's range is between 1608 and 1618.
CPO Feb futures is lower at RM2370. Support is at 2344.
Trading : SKPETRO (5218 : 2.83 ) : Take profit
Source:Jupiter Securities Research, 03 December 2012
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....