Fool Trader KLSE Research

Daily Summary - 3 Jan 2013

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Publish date: Thu, 03 Jan 2013, 09:17 AM
YOUR MORNING COFFEE - Thursday 3/1/2013

SUMMARY
  • Wall St closed 2.3% higher, following a fiscal cliff deal. US Senate passed a budget deal with spending cuts. This would postpone Congress' fiscal feud, until February, over raising the USD16.4 trillion debt limit.
  • Dow of 13,412, is heading for a test on the resistance of 13,661. RSI of 61, is rebounding.
  • DOLLAR INDEX is higher at 79.8. Resistance is at 80.2.
  • Crude oil is higher at USD93.1. Resistance is at 95.3.
  • Dollar yen is higher at 87.2 yen. Resistance is at 93.0.
  • Euro/dollar is lower at 1.318. Support is at 1.302.
  • Gold is higher at USD1688. Support is at 1630.
  • Shanghai closed higher at 2269.
  • Singapore STI closed higher at 3,201.
  • Ringgit is stronger at 3.032. Upside is at 3.02.
  • S'pore ringgit is lower at 2.485. Support is at 2.477.
  • Malaysian market closed lower at 1674. On the Daily chart, the downside is supported at 1666. RSI of 63, is on a small pullback. Today's range is between 1672 and 1682.
  • CPO March futures is higher at RM2501. Resistance is at 2570.
  • Trading : PERDANA (7108 : 1.11 ) : Targeting 1.29/Stop loss 1.07, QL (7084 : 3.13 ) : Targeting 3.30/Stop loss 3.08, HIBISCS (5199 : 1.46 ) : Targeting 1.65/Stop loss 1.40
Source: Jupiter Securities Research - 03 January 2013
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