SUMMARY
- Wall St closed 0.03% higher, due to positive data. Consumer sentiment index rose to 84.9, higher than expected. Wholesale inventories up 1.1%. Meantime, concerns remain over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013.
- Dow of 12,815, is on a support at 12,730. Resistance is at 13,600. RSI of 32, is approaching oversold.
- DOLLAR INDEX is higher at 80.9. Resistance is at 82.0.
- Crude oil is higher at USD86.1. Support is at 82.2.
- Dollar yen is lower at 79.4 yen. Support is at 78.9.
- Euro/dollar is lower at 1.273. Support is at 1.2700.
- Gold is higher at USD1735. Support is at 1643.
- Shanghai closed lower at 2,069.
- Singapore STI closed lower at 3,009.
- Ringgit is weaker at 3.067. Downside is at 3.09.
- S’pore ringgit is higher at 2.503. Upside is at 2.540.
- Malaysian market closed unchanged at 1641. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1633. RSI of 37, is down. Today’s range is between 1636 and 1646.
- CPO Jan futures is lower at RM2316. Support is at 2320.
- Trading : MBMR ( 5983 : 3.42 ) : Targeting 3.70/Stop loss 3.37, GPACKET ( 0082 : 0.58 ) : Targeting 0.64/Stop loss 0.54
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