SUMMARY
- Wall St closed 0.7% higher, due to the strong durable goods orders, and housing. Durable goods rose 1.1%. Housing continues to churn out positives, with the latest pending home sales at the highest in 2 years. Focus is on the EU summit meeting Thursday.
- Dow of 12,627 is on a pullback support of 12,365. RSI of 50, is neutral.
- DOLLAR INDEX is higher at 82.5. Resistance is at 83.1.
- Crude oil is higher at USD80.2. Support is at 75.6.
- Dollar yen is higher at 79.6 yen. Upside is at 80.6.
- Euro/dollar is lower at 1.247. Support is at 1.232.
- Gold is higher at USD1574. Upside is at 1740.
- Shanghai closed lower at 2,216.
- Singapore STI closed higher at 2,843.
- Ringgit is firmer at 3.194. Downside is at 3.210.
- S’pore ringgit is lower at 2.495. Upside is at 2.520.
- Malaysian market closed higher at 1601. On the Daily chart, it is targeting 1607. Pullback support is at 1586. RSI of 60, remains positive. Today’s range is between 1596 and 1606.
- CPO Aug futures is lower at RM3020. Upside is at 3211.
- Trading : MUHIBAH ( 5703 : 1.02 ) : Targeting 1.27/Stop loss 0.94
Source:Jupiter Securities Research 28 June 2012
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