Fool Trader KLSE Research
Daily Summary - 7 Dec 2012
YOUR MORNING COFFEE ' Friday 7/12/2012
SUMMARY
- Wall St closed 0.3% higher, as Obama indicated agreement on taxes on the wealthy, a contentious issue in the fiscal cliff. Weekly initial jobless claims dipped to 370,000. This Friday, the employment data is expected to show 77,000 jobs added, with unemployment around 8%.
- Dow of 13,074, is heading for a test on the overhead resistance of
- 13,290. RSI of 54, is rising.
- DOLLAR INDEX is higher at 80.2. Resistance is at 81.2.
- Crude oil is lower at USD86.2. Resistance is at 93.0.
- Dollar yen is higher at 82.4 yen. Support is at 81.0.
- Euro/dollar is lower at 1.296. Support is at 1.280.
- Gold is higher at USD1701. Support is at 1643.
- Shanghai closed lower at 2029.
- Singapore STI closed higher at 3,078.
- Ringgit is weaker at 3.052. Downside is at 3.09.
- S'pore ringgit is higher at 2.500. Upside is at 2.540.
- Malaysian market closed higher at 1616. On the Daily chart, the rebounding RSI of 42, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today's range is between 1612 and 1622.
- CPO Feb futures is lower at RM2295. Support is at 2275.
- Trading : BRAHIMS (9474 : 0.99 ) : Take profit, CIMB (1023 : 7.58 ) : Targeting 8.10/Stop loss 7.40
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