Daily Summary - 22 Nov 2012

YOUR MORNING COFFEE – Thursday 22/11/2012

SUMMARY

• Wall St closed 0.4% higher, ignoring Europe and the fiscal cliff, as it focused on jobs data. Weekly initial jobless claims of 410,000 were better than expected. Market closed on Thursday for Thanksgiving.
• Dow of 12,836, is heading for a test on the 13,290 resistance. RSI of 42, is recovering.
• DOLLAR INDEX is higher at 80.9. Support is at 80.2.
• Crude oil is higher at USD86.9. Resistance is at 93.0.
• Dollar yen is higher at 82.4 yen. Resistance is at 83.4.
• Euro/dollar is higher at 1.285. Resistance is at 1.2900.
• Gold is higher at USD1729. Support is at 1643.
• Shanghai closed lower at 2,008.
• Singapore STI closed higher at 2,958.
• Ringgit is firmer at 3.060. Downside is at 3.09.
• S’pore ringgit is lower at 2.498. Upside is at 2.540.
• Malaysian market closed lower at 1622. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1620. RSI of 27, is oversold. Today’s range is between 1620 and 1630.
• CPO Jan futures is lower at RM2408. Resistance is at 2630.
• Trading : DAYANG ( 5141 : 2.34 ) : Take profit, PERISAI ( 0047 : 1.16 ) : Take profit, KBUNAI ( 3115 : 0.155 ) : Targeting 0.22/Stop loss 0.14

Source:Jupiter Securities Research, 22 November 2012