Fool Trader KLSE Research

Daily Summary - 21 - Dec 2012

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Publish date: Fri, 21 Dec 2012, 05:23 PM
YOUR MORNING COFFEE ' Friday 21/12/2012

SUMMARY

  • Wall St closed 0.5% higher, awaiting for some agreement over resolving the fiscal cliff. US 3Q'2012 GDP rose a robust 3.1%, much higher than the 2Q'2012 of 1.3%. Weekly initial jobless claims rose to 361,000. Existing home sales rose 5.9% in November. Manufacturing activity in the Philadelphia area rose to 8.1.
  • Dow of 13,311, is on a support at 13,000. RSI of 60 is up.
  • DOLLAR INDEX is lower at 79.2. Support is at 78.9.
  • Crude oil is higher at USD89.7. Resistance is at 93.0.
  • Dollar yen is higher at 84.4 yen. Resistance is at 85.0.
  • Euro/dollar is lower at 1.322. Support is at 1.302.
  • Gold is lower at USD1647. Support is at 1630.
  • Shanghai closed higher at 2168.
  • Singapore STI closed higher at 3,175.
  • Ringgit is weaker at 3.058. Downside is at 3.09.
  • S'pore ringgit is higher at 2.508. Upside is at 2.540.
  • Malaysian market closed higher at 1670. On the Daily chart, it is heading for a retest on the previous high of 1679. RSI is at 72.
  • Support is at 1650. Today's range is between 1666 and 1676.
  • CPO March futures is lower at RM2321. Resistance is at 2516.
  • Trading : KULIM (2003 : 4.80 ) : Take profit, GENM (4715 : 3.60 ) : Take profit, PERDANA (7108 : 1.07 ) : Take profit, MYEG (0138 : 0.80 ) : Take profit

Source: Jupiter Securities Research - 21 December 2012

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