SUMMARY
- Wall St closed 0.2 lower ahead of G20 meeting early in the week, and US FOMC Wednesday. US Fed may announce some stimulus measures. In Greece, the pro-bailout parties, New Democracy and Pasok parties, led the election.
- Dow of 12,741 is heading higher to test a resistance at 12,900. RSI of 56, is on a positive divergence, indicating a technical rebound.
- DOLLAR INDEX is higher at 81.8. Resistance is at 82.7.
- Crude oil is lower at USD83.2. Upside is at 90.0.
- Dollar yen is lower at 78.9 yen. Upside is at 80.6.
- Euro/dollar is lower at 1.259. Resistance is at 1.283.
- Gold is higher at USD1626. Upside is at 1740.
- Shanghai closed higher at 2,316.
- Singapore STI closed higher at 2,824.
- Ringgit is weaker at 3.157. Downside is at 3.238.
- S’pore ringgit is higher at 2.486. Upside is at 2.520.
- Malaysian market closed higher 1582. On the Daily chart, it is expected to breach the Double top of 1582, to target 1591. Pullback support is at 1568. RSI of 57, remains positive. Today’s range is between 1579 and 1589.
- CPO Aug futures is higher at RM2875. Downside is at 2770.
- Trading : CENSOF ( 5195 : 0.41 ) : Take profit
- MPHB ( 3859 : 3.40 ) : Take profit, THPLANT ( 5112 : 2.29 ) : Targeting 2.54/Stop loss 2.18, MALTON ( 6181 : 0.57 ) : Targeting 0.65/Stop loss 0.55
Source:Jupiter Securities Research 19 June 2012
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