SUMMARY
- Wall St closed 1.6% higher on optimism over resolving the fiscal cliff, as talks progressing nicely. Housing data also boosted market sentiment. Existing home sales rose 2.1%, better than expected. Market closed on Thursday for Thanksgiving.
- Dow of 12,795, is heading for a test on the 13,290 resistance. RSI of 40, is recovering.
- DOLLAR INDEX is lower at 80.8. Support is at 80.2.
- Crude oil is higher at USD88.9. Resistance is at 93.0.
- Dollar yen is higher at 81.4 yen. Resistance is at 81.8.
- Euro/dollar is higher at 1.278. Support is at 1.2700.
- Gold is higher at USD1731. Support is at 1643.
- Shanghai closed higher at 2,016.
- Singapore STI closed higher at 2,950.
- Ringgit is firmer at 3.057. Downside is at 3.09.
- S’pore ringgit is lower at 2.497. Upside is at 2.540.
- Malaysian market closed lower at 1623. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 28, is
- oversold. Today’s range is between 1620 and 1630.
- CPO Jan futures is higher at RM2430. Resistance is at 2630.
- Trading : ASTRO ( 6399 : 2.71 ) : Take profit, MRCB ( 1651 : 1.77 ) : Targeting 1.94/Stop loss 1.70, ITRONIC ( 9393 : 0.42 ) : Targeting 0.52/Stop loss 0.38
Source:Jupiter Securities Research, 20 November 2012
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