YOUR MORNING COFFEE - Tuesday 8/1/2013
SUMMARY
- Wall St closed 0.4% lower, as the focus shifted to the coming 4Q corporate reporting season, which is expected to record 3.3% gain.
- Dow of 13,384, is heading for a test on the resistance of 13,661. RSI of 59, is rebounding.
- DOLLAR INDEX is lower at 80.2. Resistance is at 81.2.
- Crude oil is higher at USD93.1. Resistance is at 95.3.
- Dollar yen is lower at 87.4 yen. Resistance is at 93.0.
- Euro/dollar is higher at 1.312. Support is at 1.288.
- Gold is lower at USD1653. Support is at 1630.
- Shanghai closed higher at 2285.
- Singapore STI closed lower at 3,218.
- Ringgit is stronger at 3.038. Upside is at 3.02.
- S'pore ringgit is lower at 2.474. Support is at 2.462.
- Malaysian market closed higher at 1694. On the Daily chart, the immediate resistance is at 1707. RSI of 70, is overbought. Today's range is between 1690 and 1700.
- CPO March futures is lower at RM2418. Resistance is at 2570.
Jupiter Securities Research - 08 January 2013