SUMMARY
- Wall St closed 0.7% lower over worries about global growth, despite positive housing figures. S&P Case-Shiller index showed that home prices rose for the third month.
- Dow of 13,457, is slightly weak. Support is at 13,400. RSI of 58, is weakening.
- DOLLAR INDEX is higher at 79.7. Resistance is at 80.5.
- Crude oil is lower at USD91.0. Support is at 87.0.
- Dollar yen is lower at 77.7 yen. Support is at 77.6.
- Euro/dollar is lower at 1.290. Resistance is at 1.320.
- Gold is lower at USD1761. Support is at 1684.
- Shanghai closed lower at 2,029.
- Singapore STI closed higher at 3,071.
- Ringgit is weaker at 3.073. Downside is at 3.09.
- S’pore ringgit is lower at 2.500. Upside is at 2.540.
- Malaysian market closed higher at 1618. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1618. RSI of 42, is on a buy divergence. Today’s range is between 1614 and 1624.
- CPO Dec futures is higher at RM2664. Support is at 2600.
- Trading : SCOMI ( 7158 : 0.38 ) : Take profit, PCHEM ( 5183 : 6.40 ) : Targeting 6.71/Stop loss 6.21
Source:Jupiter Securities Research, 26 September 2012
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