Fool Trader KLSE Research

Daily Summary - 4 Dec 2012

fooltrader
Publish date: Tue, 04 Dec 2012, 02:39 PM
YOUR MORNING COFFEE ' Tuesday 4/12/2012

SUMMARY

  • Wall St closed 0.4% lower following a disappointing manufacturing report. The ISM manufacturing index dipped to its lowest level since July 2009. Construction spending rose 1.4% month on month. Car sales rebounded.
  • Dow of 12,965, is heading for a test on the overhead resistance of 13,290. RSI of 49, is slightly weak.
  • DOLLAR INDEX is lower at 79.8. Support is at 79.6.
  • Crude oil is higher at USD89.1. Resistance is at 93.0.
  • Dollar yen is lower at 82.2 yen. Support is at 81.0.
  • Euro/dollar is higher at 1.305. Resistance is at 1.312.
  • Gold is lower at USD1715. Support is at 1643.
  • Shanghai closed lower at 1959.
  • Singapore STI closed lower at 3,065.
  • Ringgit is firmer at 3.039. Downside is at 3.09.
  • S'pore ringgit is lower at 2.493. Upside is at 2.540.
  • Malaysian market closed lower at 1607. On the Daily chart, the oversold RSI of 31, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today's range is between 1604 and 1614.
  • CPO Feb futures is lower at RM2316. Support is at 2275.
  • Trading : OLDTOWN (5201 : 2.04 ) : Take profit, P&O (6009 : 1.22 ) : Targeting 1.40/Stop loss 1.17, GENM (4715 : 3.46 ) : Targeting 3.70/Stop loss 3.33, DIGI (6947 : 4.83 ) : Buy below 4.70
Source:Jupiter Securities Research, 04 December 2012

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