Wall St closed 0.3% lower, as uncertainty over the fiscal cliff continued in spite of positive news. Industrial production jumped 1.1% in November. CPI eased 0.3%.
Dow of 13,135, has retreated from the overhead resistance of 13,330. Support is at 12,900. RSI of 54 is down.
DOLLAR INDEX is lower at 79.6. Resistance is at 81.2.
Crude oil is higher at USD86.7. Resistance is at 93.0.
Dollar yen is higher at 84.0 yen. Resistance is at 84.0.
Euro/dollar is higher at 1.316. Resistance is at 1.317.
Gold is lower at USD1695. Support is at 1643.
Shanghai closed higher at 2150.
Singapore STI closed higher at 3,168.
Ringgit is weaker at 3.050. Downside is at 3.09.
S'pore ringgit is higher at 2.505. Upside is at 2.540.
Malaysian market closed lower at 1651. On the Daily chart, it has been capped at the overhead resistance of 1658, indicating a likely pullback. Support is at 1635. Today's range is between 1648 and 1656.
CPO Feb futures is higher at RM2275. Support is at 2210.
Source: Jupiter Securities Research - 17 December 2012
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....