SUMMARY
- Wall St closed 0.9% lower, on concerns over how Obama plans to avoid the fiscal cliff where tax hike and budget cuts kick in January 2013. Weekly initial jobless claims dipped to 355,000. US trade deficits for September narrowed to USD41.5bln.
- Dow of 12,811, is on a support at 12,730. Resistance is at 13,600. RSI of 32, is approaching oversold.
- DOLLAR INDEX is higher at 80.8. Resistance is at 82.0.
- Crude oil is higher at USD85.1. Support is at 82.2.
- Dollar yen is lower at 79.5 yen. Support is at 78.9.
- Euro/dollar is lower at 1.274. Support is at 1.2700.
- Gold is higher at USD1733. Support is at 1643.
- Shanghai closed lower at 2,071.
- Singapore STI closed lower at 3,012.
- Ringgit is weaker at 3.065. Downside is at 3.09.
- S’pore ringgit is higher at 2.502. Upside is at 2.540.
- Malaysian market closed lower at 1641. 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 1636 and 1646.
- CPO Jan futures is lower at RM2336. Support is at 2320.
- Trading : ASTRO ( 6399 : 2.65 ) : Targeting 2.81/Stop loss 2.61, KBB ( 7182 : 0.435 ) : Targeting 0.49/Stop loss 0.41
Source:Jupiter Securities Research, 9 November 2012
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