Daily Summary - 23 Nov 2012

YOUR MORNING COFFEE – Friday 23/11/2012

SUMMARY

• Wall St closed on Thursday for Thanksgiving. And a half trading day for Friday. Worries over Europe and the fiscal cliff remain.
• Dow of 12,836, is heading for a test on the 13,290 resistance. RSI of 42, is recovering.
• DOLLAR INDEX is lower at 80.7. 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 1.287. Resistance is at 1.2900.
• Gold is higher at USD1730. Support is at 1643.
• Shanghai closed lower at 2,015.
• Singapore STI closed higher at 2,986.
• 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 1618. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1612. RSI of 25, is oversold. Today’s range is between 1615 and 1625.
• CPO Jan futures is lower at RM2374. Resistance is at 2630.
• Trading : NAIM ( 5073 : 1.95 ) : Take profit, BRAHIMS ( 9474 : 0.915 ) : Targeting 1.08, YINSON ( 7293 : 1.87 ) : Targeting 2.04

Source:Jupiter Securities Research, 23 November 2012