Fool Trader KLSE Research
Morning Coffee - 12 Dec 2012
YOUR MORNING COFFEE ' Wednesday 12/12/2012
SUMMARY
SUMMARY
- Wall St closed 0.6% higher, ahead of further easing announcement on 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 13,248, is heading for a test on the overhead resistance of
- 13,290. RSI of 62 is rising.
- DOLLAR INDEX is lower at 80.0. Resistance is at 81.2.
- Crude oil is higher at USD85.8. Resistance is at 93.0.
- Dollar yen is higher at 82.5 yen. Resistance is at 84.0.
- Euro/dollar is higher at 1.300. Resistance is at 1.304.
- Gold is lower at USD1709. Support is at 1643.
- Shanghai closed lower at 2074.
- Singapore STI closed higher at 3,118.
- Ringgit is weaker at 3.054. Downside is at 3.09.
- S'pore ringgit is lower at 2.500. Upside is at 2.540.
- Malaysian market closed higher at 1641. On the Daily chart, the rebounding RSI of 55, points to a likely technical rebound to test the overhead resistance of 1646. Support is at 1622. Today's range is between 1638 and 1648.
- CPO Feb futures is lower at RM2291. Support is at 2275.
- Trading : YINSON (7293 : 2.00 ) : Take profit, P&O (6009 : 1.32 ) : Take profit
- ITRONIC (9393 : 0.41 ) : Take profit, POS (4634 : 3.28 ) : Targeting 3.54/Stop loss 3.20
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