SUMMARY
- Wall St closed 0.2% lower on concern over healthcare costs following the Court decision to uphold Obama healthcare reform law. Weeklyinitial jobless claims dipped to 386,000.
- Dow of 12,602 is on a pullback support of 12,365. RSI of 50, is neutral.
- DOLLAR INDEX is higher at 82.7. Resistance is at 83.1.
- Crude oil is lower at USD77.7. Support is at 75.6.
- Dollar yen is lower at 79.3 yen. Upside is at 80.6.
- Euro/dollar is lower at 1.244. Support is at 1.232.
- Gold is lower at USD1552. Upside is at 1740.
- Shanghai closed lower at 2,195.
- Singapore STI closed higher at 2,847.
- Ringgit is weaker at 3.196. Downside is at 3.210.
- S’pore ringgit is lower at 2.495. Upside is at 2.520.
- Malaysian market closed lower at 1594. On the Daily chart, it is targeting 1607. Pullback support is at 1586. RSI of 56, remains positive. Today’s range is between 1591 and 1601.
- CPO Aug futures is lower at RM2980. Upside is at 3211.
- Trading : PARKSON ( 5657 : 4.59 ) : Buy below 4.50, KLCCP ( 5089 : 4.34 ) : Take profit
Source:Jupiter Securities Research 29 June 2012
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