Daily Summary - 14 Nov 2012

YOUR MORNING COFFEE – Wednesday 14/11/2012

SUMMARY

• Wall St closed 0.46% lower, on concerns over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013.
• Dow of 12,756, is on a support at 12,730. Resistance is at 13,600. RSI of 30, is approaching oversold.
• DOLLAR INDEX is higher at 81.1. Resistance is at 82.0.
• Crude oil is lower at USD85.4. Support is at 82.2.
• Dollar yen is lower at 79.4 yen. Support is at 78.9.
• Euro/dollar is lower at 1.271. Support is at 1.2700.
• Gold is lower at USD1728. Support is at 1643.
• Shanghai closed lower at 2,047.
• Singapore STI closed lower at 3,007.
• Ringgit is weaker at 3.063. Downside is at 3.09.
• S’pore ringgit is higher at 2.505. Upside is at 2.540.
• Malaysian market closed lower at 1637. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1633. RSI of 35, is
• down. Today’s range is between 1635 and 1645.
• CPO Jan futures is lower at RM2316. Support is at 2320.
• Trading : SERNKOU (7180 : 0.225) : Targeting 0.28/Stop loss 0.205, BSTEAD (2771 : 5.00 ) : Targeting 5.38/Stop loss 4.88

Source:Jupiter Securities Research, 14 November 2012