SUMMARY
- Wall St closed 0.15% lower, due to fear over the global business climate. Germany’s business climate index dipped to its lowest level since February 2010.
- Dow of 13,558, is on a technical rebound. Resistance is at 13,924. RSI of 66, is overbought.
- DOLLAR INDEX is higher at 79.5. Resistance is at 80.5.
- Crude oil is lower at USD91.6. Support is at 87.0.
- Dollar yen is lower at 77.8 yen. Support is at 77.6.
- Euro/dollar is lower at 1.294. Resistance is at 1.320.
- Gold is lower at USD1764. Support is at 1684.
- Shanghai closed higher at 2,033.
- Singapore STI closed lower at 3,071.
- Ringgit is weaker at 3.072. Downside is at 3.09.
- S’pore ringgit is higher at 2.502. Upside is at 2.540.
- Malaysian market closed lower at 1612. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1618. RSI of 38, is on a buy divergence. Today’s range is between 1608 and 1619.
- CPO Dec futures is lower at RM2644. Support is at 2600.
- Trading : TM ( 4863 : 5.86 ) : Targeting 6.10/Stop loss 5.76, SIME ( 4197 : 9.75 ) : Targeting 11.20/Stop loss 9.40
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