SUMMARY
- Wall St closed 0.9% lower, on worries over global slowdown. Manufacturing hit a 9 month low in China, and contracted in the eurozone for the 7th month. Weekly initial jobless claims rose to 372,000. New home sales rose 3.6% in July.
- Dow of 13,057, may stage a technical rebound following the past 3 days of drop. Support is at 13,000. RSI of 49, is on a pullback.
- DOLLAR INDEX is lower at 81.4. Downside is at 81.0.
- Crude oil is lower at USD95.9. Resistance is at 100.0.
- Dollar yen is lower at 78.5 yen. Support is at 77.4.
- Euro/dollar is higher at 1.256. Upside is at 1.262.
- Gold is higher at USD1668. Upside is at 1740.
- Shanghai closed higher at 2,113.
- Singapore STI closed higher at 3,061.
- Ringgit is firmer at 3.095. Downside is at 3.210.
- S’pore ringgit is lower at 2.482. Upside is at 2.540.
- Malaysian market closed lower at 1651. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1644. RSI of 66, is up. Today’s range is between 1646 and 1656.
- CPO Oct futures is lower at RM3040. Resistance is at 3066.
- Trading : TM ( 4863 : 5.98 ) : Take profit, CENBOND ( 7171 : 1.06 ) : Targeting 1.38/Stop loss 1.02, DELEUM ( 5132 : 1.90 ) : Targeting 2.10/Stop loss 1.84
- ILB ( 5614 : 0.94 ) : Targeting 1.05/Stop loss 0.90
Source:Jupiter Securities Research 24 August 2012
No comments:
Post a Comment