YOUR MORNING COFFEE ' Monday 10/12/2012
SUMMARY
Wall St closed 0.6% higher, as unemployment dipped to a 4 year low of 7.7%. There were 146,000 jobs added, against 77,000 estimate.The consumer confidence index dipped to 74.5, was a dampener. Dow of 13,155, is heading for a test on the overhead resistance of 13,290. RSI of 58, is rising.
DOLLAR INDEX is higher at 80.4. Resistance is at 81.2.
Crude oil is lower at USD85.9. Resistance is at 93.0.
Dollar yen is higher at 82.6 yen. Resistance is at 84.0.
Euro/dollar is lower at 1.291. Support is at 1.280.
Gold is higher at USD1703. Support is at 1643.
Shanghai closed higher at 2061.
Singapore STI closed higher at 3,107.
Ringgit is weaker at 3.054. Downside is at 3.09.
S'pore ringgit is higher at 2.503. Upside is at 2.540.
Malaysian market closed higher at 1617. On the Daily chart, the rebounding RSI of 40, 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 RM2297. Support is at 2275.
Trading : TAKASO (7071 : 0.33 ) : Take profit, WINGTM (2976 : 1.85 ) : Targeting 1.98/Stop loss 1.79, HOVID (7213 : 0.26 ) : Targeting 0.33/Stop loss 0.24
Source:Jupiter Securities Research, 10 December 2012