Fool Trader KLSE Research

Morning Coffee - 26 Dec 2012

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Publish date: Wed, 26 Dec 2012, 09:36 AM
YOUR MORNING COFFEE - Wednesday 26/12/2012

SUMMARY
  • Wall St closed 0.4% lower, on lack of progress over resolving the fiscal cliff. Personal income rose 0.6%, and personal spending 0.4%, higher than expected.
  • Dow of 13,139, is on a support at 13,000. RSI of 50 is down.
  • DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
  • Crude oil is lower at USD88.2. Resistance is at 93.0.
  • Dollar yen is higher at 85.1 yen. Resistance is at 86.0.
  • Euro/dollar is lower at 1.318. Support is at 1.302.
  • Gold is lower at USD1652. Support is at 1630.
  • Shanghai closed higher at 2213.
  • Singapore STI closed higher at 3,168.
  • Ringgit is weaker at 3.069. Downside is at 3.09.
  • S'pore ringgit is higher at 2.511. Upside is at 2.540.
  • Malaysian market closed higher at 1669. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 67, is up. Today's range is between 1666 and 1676.
  • CPO March futures is higher at RM2428. Resistance is at 2516.
  • Trading : TMCLIFE (0101 : 0.365 ) : Take profit, KELADI (6769 : 0.215 ) : Targeting 0.27/Stop loss 0.19, AMBANK (1015 : 6.63 ) : Targeting 7.18/Stop loss 6.52
Source: Jupiter Securities Research - 26 December 2012
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