Fool Trader KLSE Research

Daily Summary - 3 Dec 2012

fooltrader
Publish date: Mon, 03 Dec 2012, 09:12 PM
YOUR MORNING COFFEE ' Monday 3/12/2012

SUMMARY

  • 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

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