SUMMARY
- Wall St closed 0.5% higher after Spain released its 2012 Budget, signalling the willingness to move forward. Weekly initial jobless claims dipped to 359,000, the lowest since July.
- Dow of 13,485, is slightly weak. Support is at 13,400. RSI of 58, is neutral.
- DOLLAR INDEX is lower at 79.6. Resistance is at 80.5.
- Crude oil is higher at USD91.8. Resistance is at 96.0.
- Dollar yen is lower at 77.6 yen. Support is at 77.6.
- Euro/dollar is higher at 1.291. Resistance is at 1.320.
- Gold is higher at USD1776. Support is at 1720.
- Shanghai closed higher at 2,056.
- Singapore STI closed higher at 3,060.
- Ringgit is firmer at 3.069. Downside is at 3.09.
- S’pore ringgit is higher at 2.503. Upside is at 2.540.
- Malaysian market closed higher at 1627. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 48, is on a buy divergence. Today’s range is between 1624 and 1634.
- CPO Dec futures is lower at RM2594. Support is at 2569.
- Trading : HARTA ( 5168 : 4.35 ) : Targeting 4.70/Stop loss 4.20, IJM ( 3335 : 4.73 ) : Targeting 5.00/Stop loss 4.62,
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