SUMMARY
- Wall St closed 0.1% higher, taking a pause after the US Fed’s QE3 or quantitative easing. With not much news, focus was on Apple and US Fed’s QE3, which buoyed the market.
- Dow of 13,564, is on a technical rebound. Resistance is at 13,924. RSI of 68, is overbought.
- DOLLAR INDEX is higher at 79.2. Support is at 78.4.
- Crude oil is lower at USD95.2. Support is at 94.0.
- Dollar yen is higher at 78.7 yen. Resistance is at 79.0.
- Euro/dollar is lower at 1.305. Resistance is at 1.320.
- Gold is higher at USD1768. Support is at 1684.
- Shanghai closed lower at 2,059.
- Singapore STI closed lower at 3,069.
- Ringgit is weaker at 3.066. Downside is at 3.09.
- S’pore ringgit is higher at 2.501. Upside is at 2.540.
- Malaysian market closed lower at 1640. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1634. RSI of 54, is on a buy divergence. Today’s range is between 1636 and 1646.
- CPO Nov futures is lower at RM2803. Resistance is at 3100.
- Trading : MBFHLDG ( 1236 : 1.19 ) : Take profit, BRIGHT ( 9938 : 1.47 ) : Targeting 1.62/Stop loss 1.39, LATEXX ( 7064 : 1.63 ) : Targeting 1.75/Stop loss 1.54
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