SUMMARY
- Wall St closed 1.3% higher, cheered by the droves of shoppers in the holiday season of Thanksgiving. Worries over Europe and the fiscal cliff remain.
- Dow of 13,009, is heading for a test on the 13,290 resistance. RSI of 51, is recovering.
- DOLLAR INDEX is lower at 80.2. Support is at 79.6.
- Crude oil is higher at USD88.2. Resistance is at 93.0.
- Dollar yen is higher at 82.5 yen. Resistance is at 83.4.
- Euro/dollar is higher at 1.297. Resistance is at 1.302.
- Gold is higher at USD1750. Support is at 1643.
- Shanghai closed higher at 2,027.
- Singapore STI closed higher at 2,989.
- Ringgit is firmer at 3.049. Downside is at 3.09.
- S’pore ringgit is lower at 2.495. Upside is at 2.540.
- Malaysian market closed lower at 1614. On the Daily chart, the oversold RSI of 23, points to a limited downside, and a likely technical rebound to test the overhead resistance of 1644. Today’s range is between 1612 and 1622.
- CPO Feb futures is lower at RM2395. Support is at 2344.
- Trading : MBFHLDG ( 1236 : 1.25 ) : Targeting 1.36/Stop loss 1.18, BRIGHT ( 9938 : 1.70 ) : Targeting 1.94/Stop loss 1.64
Source:Jupiter Securities Research, 26 November 2012
No comments:
Post a Comment