Fool Trader KLSE Research

Daily Summary - 13 Dec 2012

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Publish date: Thu, 13 Dec 2012, 09:30 AM
YOUR MORNING COFFEE ' Thursday 13/12/2012

SUMMARY
  • Wall St closed 0.02% lower, as the quantitative easing announced by US Fed was as expected. US Fed will continue pursue bond purchase program until the unemployment rate dropped to 6.5%.
  • Dow of 13,245, is heading for a test on the overhead resistance of 13,290. RSI of 62 is rising.
  • DOLLAR INDEX is lower at 79.8. Resistance is at 81.2.
  • Crude oil is higher at USD86.8. Resistance is at 93.0.
  • Dollar yen is higher at 83.2 yen. Resistance is at 84.0.
  • Euro/dollar is higher at 1.307. Resistance is at 1.313.
  • Gold is lower at USD1708. Support is at 1643.
  • Shanghai closed higher at 2082.
  • Singapore STI closed higher at 3,141.
  • Ringgit is stronger at 3.048. Downside is at 3.09.
  • S'pore ringgit is lower at 2.497. Upside is at 2.540.
  • Malaysian market closed higher at 1649. On the Daily chart, the rebounding RSI of 64, points to a likely technical rebound to test the overhead resistance of 1658. Support is at 1622. Today's range is between 1644 and 1658.
  • CPO Feb futures is lower at RM2241. Support is at 2210.
  • Trading : BJTOTO (1562 : 4.50 ) : Take profit, TM (4863 : 5.80 ) : Take profit, AIRASIA (5099 : 2.75 ) : Targeting 2.94/Stop loss 2.70, PERISAI (0047 : 1.13 ) : Targeting 1.25/Stop loss 1.07
Source:Jupiter Securities Research - 13 December 2012
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