Daily Summary - 13 Aug 2012

YOUR MORNING COFFEE – Monday 13/8/2012

SUMMARY

• Wall St closed 0.3% higher. It continues to nudge cautiously higher.
• Dow of 13,207 is heading for a retest on the previous high of 13,338.
• Support is at 13,100. RSI of 63, is rising.
• DOLLAR INDEX is higher at 82.6. Upside is at 86.2.
• Crude oil is lower at USD92.8. Resistance is at 97.3.
• Dollar yen is lower at 78.2 yen. Support is at 77.9.
• Euro/dollar is lower at 1.228. Upside is at 1.262.
• Gold is higher at USD1621. Upside is at 1740.
• Shanghai closed lower at 2,168
• Singapore STI closed higher at 3,054.
• Ringgit is weaker at 3.120. Downside is at 3.210.
• S’pore ringgit is higher at 2.503. Upside is at 2.540.
• Malaysian market closed higher at 1645. On the Daily chart, it is
• targeting 1710 over a longer term. Near term pullback support is at
• 1620. RSI of 64, is rising. Today’s range is between 1640 and 1650.
• CPO Oct futures is lower at RM2859. Resistance is at 3066.
• Trading : DIJACOR ( 5401 : 1.21 ) : Targeting 1.37/Stop loss 1.17, TWSCORP ( 4804 : 0.81 ) : Targeting 0.89/Stop loss 0.78, SYF ( 7082 : 0.51 ) : Targeting 0.63/Stop loss 0.47

Source:Jupiter Securities Research 13 August 2012