Fool Trader KLSE Research
Daily Summary - 11 Dec 2012
YOUR MORNING COFFEE ' Tuesday 11/12/2012
SUMMARY
Source:Jupiter Securities Research, 11 December 2012
SUMMARY
- Wall St closed 0.1% higher, led by the technology sector. Focus is on this Wednesday's FOMC where the US Fed will decide on the stimulus program, Operation Twist, which is expiring this month. It is likely to be converted into an outright bond purchase program.
- Dow of 13,169, is heading for a test on the overhead resistance of
- 13,290. RSI of 59, is rising.
- DOLLAR INDEX is lower at 80.3. Resistance is at 81.2.
- Crude oil is lower at USD85.5. Resistance is at 93.0.
- Dollar yen is higher at 82.4 yen. Resistance is at 84.0.
- Euro/dollar is higher at 1.294. Resistance is at 1.304.
- Gold is higher at USD1711. Support is at 1643.
- Shanghai closed higher at 2083.
- Singapore STI closed higher at 3,114.
- Ringgit is weaker at 3.059. Downside is at 3.09.
- S'pore ringgit is higher at 2.504. Upside is at 2.540.
- Malaysian market closed higher at 1632. On the Daily chart, the rebounding RSI of 54, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1622. Today's range is between 1628 and 1638.
- CPO Feb futures is higher at RM2313. Support is at 2275.
- Trading : CANONE (5105 : 2.38 ) : Take profit
- HARTA (5168 : 4.90 ) : Targeting 5.16/Stop loss 4.84, MAYBULK (5077 : 1.39 ) : Targeting 1.52/Stop loss 1.33, TIME (4456 : 0.315 ) : Targeting 0.38/Stop loss 0.29
Source:Jupiter Securities Research, 11 December 2012
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