SUMMARY
- Wall St closed as hurricane Sandy approaches New York, which has declared a state of emergency. Personal spending rose 0.8% in September, higher than expected. Traders remain sidelines due to lacklustre corporate results, and ahead of US Presidential election, 6 November.
- Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
- DOLLAR INDEX is higher at 80.2. Resistance is at 80.4.
- Crude oil is lower at USD85.5. Support is at 82.0.
- Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
- Euro/dollar is lower at 1.290. Support is at 1.2840.
- Gold is lower at USD1707. Support is at 1643.
- Shanghai closed lower at 2,058.
- Singapore STI closed lower at 3,033.
- Ringgit is weaker at 3.059. Downside is at 3.09.
- S’pore ringgit is higher at 2.505. Upside is at 2.540.
- Malaysian market closed higher at 1672. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today’s range is between 1670 and 1676.
- CPO Jan futures is lower at RM2540. Support is at 2430.
- Trading : GPACKET ( 0082 : 0.64 ) : Take profit, RSAWIT ( 5113 : 0.97 ) : Take profit, ARANK ( 7214 : 0.56 ) : Take profit, PERDANA ( 7108 : 1.00 ) : Take profit
Source:Jupiter Securities Research,30 October 2012
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