SUMMARY
- Wall St closed 0.02% higher, due to better retail sales, the first time in 4 months. US retail sales rose 0.8% in July, better than expected. Eurozone GDP shrank 0.2% in the 2Q.
- Dow of 13,172 is heading for a retest on the previous high of 13,338. Support is at 13,100. RSI of 61, is rising.
- DOLLAR INDEX is higher at 82.5. Upside is at 86.2.
- Crude oil is higher at USD93.4. Resistance is at 97.3.
- Dollar yen is higher at 78.8 yen. Resistance is at 80.0.
- Euro/dollar is higher at 1.233. Upside is at 1.262.
- Gold is lower at USD1601. Upside is at 1740.
- Shanghai closed higher at 2,142.
- Singapore STI closed higher at 3,082.
- Ringgit is weaker at 3.121. Downside is at 3.210.
- S’pore ringgit is lower at 2.502. Upside is at 2.540.
- Malaysian market closed higher at 1652. On the Daily chart, it is
- targeting 1710 over a longer term. Near term pullback support is at 1620. RSI of 67, is rising. Today’s range is between 1647 and 1657.
- CPO Oct futures is lower at RM2847. Resistance is at 3066.
- Trading : PERISAI ( 0047 : 0.95 ) : Take profit, UOADEV ( 5200 : 1.78 ) : Take profit, ALAM ( 5115 : 0.56 ) : Targeting 0.63/Stop loss 0.53, GTRONIC ( 7022 : 1.59 ) : Take profit
Source:Jupiter Securities Research 15 August 2012
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